The Interconnection of Greek islands: Another Perspective on the EU’s Security of Energy Supply and Economic GrowthHow Greece's tremendous natural resources could contribute to foster clean energy on a European level
Greece disposes of considerable natural resources to foster clean energy in the country itself but also on a European level. Yet, this potential remains unrealised to a large extent. The interconnection of the so-called Greek Non-Interconnected Islands (NII) opens up new opportunities in this direction. In this interview, Dr. Theodore Panagos explains the possible economic, social and even geopolitical repercussions.
The development of Local Energy Communities is a vision which aims to address the pressing future global issues of energy efficiency, healthy food sources and water management. The fact that a very large percentage of EU regional development funds remain unused represents an opportunity for the Member States to review the European energy market strategy and develop a policy program aimed at funding these projects.
The one-fits-all approach does not fit the current socioeconomic environment. It is imperative that we develop horizontal policies, in cooperation with all involved players, to tackle multiple problems effectively.
The Thinking Lab on Sustainable Growth aims to provide guidance on the challenge of shaping economic growth in Europe in a more ecologic, inclusive and social way. The issue of Sustainability is not limited to the field of ecology, but has to be tackled within a cross-sectoral approach, incorporating topics such as energy policy, innovation and start-up policy, digitalisation, social security and national debt policy.
Greek non-interconnected islands are small isolated systems bearing the great potential to become autonomous in terms of energy, using renewable and intelligent systems. Is there a potential for small islands to drive Europe’s transition into a sustainable, low-carbon and inclusive economy? What role can Greek islands play in this process?
The political mainstream thinks that this crisis is conjunctural, not structural. But the trouble with austerity policies is, that they increase the crisis in a cumulative way. With austerity one can only enlarge the probability to maintain the crisis, not to rule out it. And politicians don’t solve this problem – they preserve it.