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Greece records cleanest energy mix in more than a decade
Greece reached a new milestone for clean energy last year, according to a recent report by environmental think tank Green Tank, with the cleanest power generation mix in 11 years. The achievement underscores Greece’s ongoing commitment to renewable energy, achieving carbon neutrality by 2050, and its efforts to become a green power hub for Southeast Europe.
Under the recently updated National Energy and Climate Plan, Greece is aiming to reduce its greenhouse gas emissions by 58% over the next five years, by 80% at the end of the next decade, and complete neutrality – as well as full energy independence – by 2050. The revised NECP for 2025-2050 foresees that the share of renewable energy sources in electricity generation – currently around 57% – will increase to 75% by 2030 and 95.6% by 2035.
The roll out of new renewable energy projects, new technologies, new power interconnections, and energy conservation measures will require combined investments of €436 billion by 2050, according to the NECP. This will contribute €6 billion annually to gross value-added, and boost GDP by 2.5% through the middle of the century. It is forecast that 210,000 new jobs will be created each year from 2025 as Greece implements its energy transition program.
According to the recent data from Green Tank, the carbon intensity of Greece’s power production sector has been on a continuous downward trend for more than a decade as the industry has weaned itself off fossil fuels. In 2024, the average carbon intensity fell to 269 g CO2/kWh, down from 312 g CO2/kWh in 2023 and an average of more than 500 g CO2/kWh prior to 2019.