“Green transition” proved to be expensive and faced many problems. “Europe must consider the pace of the transition and its financing,” Greek Prime Minister Kyriakos Mitsotakis said at the Council on Foreign Relations in Washington.
The “green” transition is a landmark for Europe. And it is indeed very noble that Europe is so “aggressively” setting climate neutrality targets for 2050, but we only account for 15% of global emissions”“, Mitsotakis said.
“We are beginning to understand that the green transition costs a lot of money and that it cannot be done at the expense of our businesses, our citizens, our farmers. So I think we will look at the issues of pace, how quickly this transition will happen, and the financial instruments that we need to make it a reality,” – the Greek Prime Minister concluded.
From the editors: One might think that it was previously unknown that the so-called “Green Energy” would lead to a sharp increase in electricity prices. After all, it is no secret that the difference in prices between nuclear or hydroelectric power and “green” energy is almost 10 times.
At the same time, the so-called “Green Energy” does not have stability in energy production during the day, since photovoltaic stations produce electricity only during the daytime, and wind power plants depend on the presence of wind, which also usually dies down in the evening.
At the same time, Greece still does not have any energy storage systems, which leads to a serious imbalance in the country's energy system.
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