The European Commission has approved Greece’s €4.77 billion Social Climate Plan, aimed at reducing dependence on fossil fuels and supporting vulnerable households, small businesses and others during the green transition.
Of the total €4.77 billion, €3.57 billion, or 75%, will come from EU funds, while €1.2 billion will come from national funds.
By 2032, 460,000 vulnerable households are expected to benefit from the plan. It also provides for 62,000 home renovations and the installation of 200,000 heat pumps and solar water heating systems.
The investments and reforms cover the period from 2026 to 2032 and are expected to help reduce CO2 emissions by 811,000 tonnes.
The plan also provides for 2,800 new energy-efficient social homes, either through new construction or renovations. Of these, 2,350 will be built as zero-emission homes, while another 450 will be created by renovating public buildings.
In the transport sector, around 300,000 people are expected to benefit from improvements to public transport. The plan includes more than 200 new electric buses, 22 additional trains for the Athens Metro, new transport services in remote areas and charging infrastructure.
The plan also includes a social car leasing scheme, which will give 15,000 vulnerable households that depend on cars access to electric vehicles at an affordable monthly cost.
Sources: News 247, European Comission
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