EU Funds to Greece for the Fight against Energy Poverty

BRUSSELS – More than 4 billion euros to fight energy poverty are expected to flow into Greece from the Social Climate Fund, which is being set up to address the effects of rising energy prices on carbon pricing.

The funds will be used to finance actions that will support the most vulnerable groups and will probably include subsidies for energy upgrades of buildings, the installation of renewable energy sources and the supply of electric vehicles.

These estimates were made on Thursday by sources close to the European Commission, in view of the preparation for the implementation of the new legislation for the reduction of greenhouse gas emissions presented by the Commission in July 2021.

Electricity producers as well as a number of industries (refineries, metallurgy, etc.) are obliged to have carbon dioxide emission rights for the CO2 they emit. This obligation extends to transport and buildings as of 2025, which means that gasoline, diesel and heating and natural gas will bear the cost of carbon dioxide emitted into the atmosphere during combustion. The Social Climate Fund will allocate a total of 72.2 billion euros over the period 2025-2032 to support social groups most affected by rising energy costs.

According to the same sources, Greece is included in the top five countries that will absorb significant funds from the Social Fund for Climate, as for the period 2025-2032 they are three times higher than the corresponding ones based on the emissions from buildings and transport.


ATHENS - Main opposition SYRIZA-Progressive Alliance, in an announcement on Friday, expressed "deep concern and its unequivocal condemnation of the new escalation of tension in the Middle East with Israel's show of force against Iran.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Indians Vote in the First Phase of the World’s Largest Election as Modi Seeks a Third Term

NEW DELHI (AP) — Millions of Indians began voting Friday in a six-week election that's a referendum on Narendra Modi, the populist prime minister who has championed an assertive brand of Hindu nationalist politics and is seeking a rare third term as the country's leader.

BARCELONA - Stefanos Tsitsipas encountered a significant challenge in his match against Facundo Diaz Acosta during the Barcelona Open Banc Sabadell on Friday.

NEW YORK  — A person who was on fire in a park outside the New York courthouse where Donald Trump’s hush money trial is taking place has been rushed away on a stretcher.

NEW YORK — Emergency crews rushed away a person on a stretcher after fire was extinguished outside the Manhattan courthouse where jury selection was taking place Friday in Donald Trump's hush money criminal case.

BARCELONA, Spain (AP) — Casper Ruud defeated Jordan Thompson in straight sets to earn his season-leading 26th win and secure a spot in the quarterfinals of the Barcelona Open on Thursday.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.