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GREECE'S COMMITMENT
To The Paris Agreement And Net Zero 2050
Greece is committed to reducing its greenhouse gas (GHG) emissions by 55% by 2030 compared to 1990 levels, with a long-term goal of achieving Net Zero emissions by 2050 in alignment with the Paris Agreement. A significant focus of Greece’s climate strategy involves improving energy efficiency across its government and commercial buildings, which are major contributors to the nation’s energy consumption and carbon emissions.
Despite these commitments, Greece faces challenges such as outdated energy systems and financial constraints that limit the adoption of energy-efficient technologies. ESCO Financial helps Greece overcome these challenges through its Energy Efficiency-as-a-Service (EEaaS) model, which provides the capital necessary to upgrade critical energy systems. This includes modernizing HVAC units, boilers, chillers, smart controls, motors, compressors, air handling units, and lighting systems, leading to significant reductions in energy consumption and GHG emissions.
The International Performance Measurement and Verification Protocol (IPMVP) plays a crucial role in ensuring that Greece’s energy efficiency measures deliver measurable carbon reductions. By applying IPMVP, Greece can demonstrate the effectiveness of its initiatives, supporting its Paris Agreement commitments and attracting further investment.
Greece also faces challenges in managing waste, particularly in reducing methane emissions from landfills. ESCO Financial’s Waste-to-Energy-as-a-Service (WtEaaS) model offers a sustainable solution by converting waste into energy, reducing landfill use, and aligning with Greece’s Paris Agreement goals. This approach accelerates Greece’s progress toward achieving Net Zero by 2050, providing both environmental sustainability and economic benefits.
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