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 - The Greek unemployment rate fell to 11.

Top Stories


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

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.


Biden Hosts Macron amid Friction over US Climate Law (Video)

WASHINGTON (AP) — Presidents Joe Biden and Emmanuel Macron are celebrating the longstanding U.

To the Editor: As the year comes to a close with more prayers for things like peace and health and prosperity than usual, I think this is a good time to note the good things that happened in 2022.

SEOUL, South Korea — Award-winning "Squid Game" actor Oh Young-soo will stand trial on charges of indecent assault after a woman accused him of inappropriately touching her in 2017, a South Korean court said.

WEST PALM BEACH - The first-ever luxury, beauty, and wellness supplement brand Hush & Hush brings its clinically proven, first-class formulations to Neiman Marcus.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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