Greece, EU set up €1.6 billion fund for island decarbonization

The Greek government, the European Commission, and the European Investment Bank (EIB) have launched the Islands Decarbonisation Fund. They have initially secured €1. 6 billion ($1. 7 billion) to finance decarbonization projects across the Greek islands. The Greek government, the European Commission, and the EIB have signed an agreement in Naxos, Greece, to establish the Islands Decarbonisation Fund, with the aim of financing decarbonization projects on Greek islands. The fund's project management will be handled by Greece's Asset Development Fund (ADF), a state-owned asset management enterprise. ...

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