Friday, 24 March 2023 06:37

PM Urges Swift Reform of EU Electricity Market to Meet Climate Goals

According to government sources, Prime Minister Kyriakos Mitsotakis recently addressed the European Council meeting, emphasizing the importance of electricity market reform and more long-term planning. Mitsotakis highlighted that this is the ideal time for such reforms to take place in order to fully utilize the benefits of renewable energy sources (RES). He suggested investing in RES networks as the backbone of the energy transition. This announcement signals Greece's commitment to transitioning towards a more sustainable future.

To further coordinate and discuss economic governance rules ahead of the Euro Summit on Friday, Mitsotakis will meet with his Italian and Portuguese counterparts, Giorgia Meloni and Antonio Costa, respectively, on Friday. This summit of EU leaders will focus on discussing the economic and financial situation, as well as policy coordination. The meeting between the three leaders provides an opportunity to strengthen collaboration and cooperation in implementing economic policies that support the transition to clean energy.

Mitsotakis' emphasis on the importance of electricity market reform and investment in RES networks highlights Greece's commitment to transitioning to a sustainable future. Additionally, the upcoming meeting between the Greek, Italian, and Portuguese leaders presents a unique opportunity to further promote economic cooperation towards achieving shared goals.

Source:
https://www.ekathimerini.com/economy/1207331/pm-says-now-is-the-right-time-to-reform-eu-electricity-market/

 

 

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