IEA: Green transition progress made but long way to go

Greece has made remarkable progress in its effort to end the country’s reliance on fossil fuels but still has a long way to go to achieve goals set, according to an International Energy Agency report due to be published tomorrow.

The IEA report, focused on Greece and the government’s effort to end the country’s reliance on fossil fuels, includes a series of recommendations and practices that have been implemented in other countries.

It highlights Athens’ progress towards a green transition and complete decarbonization and also provides a set of energy-policy recommendations and practices to help Greece reach its targets faster.

Greece has set a target to reduce greenhouse gas emissions by 55 percent by 2030 and reach zero emissions by 2050.

The measures proposed in the forthcoming IEA report are intended to offer guidance making Greece’s transition towards an efficient and flexible zero-carbon energy system as smooth as possible.

The effort will need to include a further significant reduction in the country’s reliance on lignite and also set a binding target ending lignite-based energy production by 2028, at the latest, according to the IEA report.

Significant progress has been achieved in renewable energy installations, which covered 20 percent of the country’s energy demand in 2021 and rose even higher in 2022, but much remains to be done, the report will note.

According to a global analysis published by IEA report a month ago, energy-related emissions around the world rose by 0.9 percent last year, reaching 36.8 billion tons. Carbon dioxide emissions increased by 1.6 percent, while diesel emissions rose by 2.5 percent but remained at pre-pandemic levels.