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Athens Macedonian News Agency: News in English, 16-11-16

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Talks between government and institutions on NPLs to continue in following days-Stathakis
  • [02] Greece ranked 17th in EU, 25th worldwide for action on climate change in 2016

  • [01] Talks between government and institutions on NPLs to continue in following days-Stathakis

    Talks between the government and the representatives of the institutions on the out-of-court mechanism that will settle non-performing business loans will continue in the following days on a technical level, Energy Minister Giorgos Stathakis said on Wednesday, after a meeting between the two sides.

    He said they discussed extensively on settling debts and the central idea was to have a mechanism that will support the viability of the businesses, promote the conversion of NPLs to performing loans and secure the State. A large step has been made and a deal might be achieved in the coming days, he added.

    Earlier, a Bank of Greece official said "there is convergence and divergences" between the institutions and the Greek side on the out-of-court settlement and the issues put on the table are not just technical.

    [02] Greece ranked 17th in EU, 25th worldwide for action on climate change in 2016

    Greece moved up several places to rank 17th among the 28 European Union member-states for the adoption of climate change policies, WWF Hellas and Greenpeace Greece said on Wednesday. The ranking was based on the annual Climate Change Performance Index 2016, issued each year by Germanwatch in collaboration with the Climate Action Network (CAN).

    Based on the index, Greece ranked 25th worldwide in 2016, up from 33rd in 2015, and 17th in the EU28, up from 23rd the year before.

    At the same time, the environmental groups noted that the "improvement" was more due to an overall slowdown of economic activity due to the economic crisis, rather than policies to reduce consumption of fossil fuels.

    "The recession led to a reduction in overall primary energy supply by 21.5 pct in the period 2009-2014, while it had particularly obvious impact on road transport and residences, where total energy consumption fell 28.5 pct," they said.

    They noted that Greece "has not only succeeded in increasing its carbon footprint per unit of GDP but insists on promoting major fossil fuel investments in coming years." Among EU countries, only Greece and Estonia had actually increased their energy intensity in 2009, "indicative of the inactivity on the level of national climate change policy," the groups said.

    On the plus side, clean renewable energy technology, such as photovoltaic panels and wind turbines, have tripled their share of the energy market since 2009 at the same time that lignite coal has become less competitive, due to its poor quality as a fuel and rising mining costs, so that its share in power production has fallen by 24.5 pct.

    Lignite was losing ground but not as a result of government action, with the Public Power Corporation (PPC) seeking to "revive" it with two new lignite-powered plants and efforts to extend the life of the older units, to the detriment of public health and the environment, WWF Hellas climate change policy chief Nikos Mantzaris said.

    Greenpeace's Takis Grigoriou, on his part, noted that the Greek government "was doing everything in its power to keep the country trapped in yesterday" as the world was moving towardd clean and modern energy sources.

    The Climate Change Performance Index uses standardised criteria to evaluate and compare the climate protection performance of 58 countries that are, together, responsible for more than 90 percent of global energy-related CO2 emissions.


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