On Thursday 21 November, the Executive Vice-President of the European Commission for the European Green Deal, Maroš Šefčovič, signed an agreement with Greece and the European Investment Bank (EIB) on the establishment of a national decarbonisation fund for the Greek islands of Naxos.
More than half of this fund, financed by the auctioning of 25 million allowances from the EU Emissions Trading System (ETS) valued at nearly €2 billion, will be used to invest in new renewable energy...