EU Energy Policy

Greece needs radical energy reform to boost economy

Energy policy in Greece has the potential to make a significant contribution to the country's economic recovery, but radical reform is needed to transform the industry, the European Commission said last week.
By Andreas Walstad 24 April 2012 0 9248

Energy policy in Greece has the potential to make a significant contribution to the country's economic recovery, but radical reform is needed to transform the industry, the European Commission said last week.

In a document titled Growth for Greece, the Commission said the country was facing “huge challenges” in the field of energy because it is highly dependent on fossil fuels, particularly coal (lignite), for electricity production.

“Most islands remain isolated and are reliant on diesel generators or oil-fired plants. The overall efficiency of electricity production is amongst...