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Europe needs more resources to tackle environment change, Greek PM says

Europe is a global leader in the green shift however also needs to ensure there are more resources to tackle the impact of unmatched environment shocks, Greek Prime Minister Kyriakos Mitsotakis stated on Wednesday.

The world's biggest economies have actually pledged to transition to net-zero carbon emissions energy systems by 2050.

We can not focus a lot on 2050 that we forget 2024, Mitsotakis informed the United Nations COP29 climate top in Baku.

We require more resources to prepare to respond in time, in order to conserve lives and livelihoods and to assist people and communities restore after catastrophe.

With plentiful sun and wind, Greece has more than doubled its renewable energy output because 2014 to account for about half of its power generation and states it is on track to shut all its coal-fired plants by 2028.

But it has actually been at the frontline of the environment modification and has actually struggled to provide relief and repair work damage following devastating floods and wildfires recently, which scientists link to international warming.

This year, the country had its hottest summer on record after a winter with little or no rain.

Mitsotakis said Europe represented a decreasing share of international emissions but was practically alone in defending the guidelines of open market and needs to ensure that the energy transition will not injure its economy.

We require to ask tough concerns about a course that goes really quickly at the expense of our competitiveness, and a course that goes somewhat slower but permits our market to adapt and to grow. It is our obligation to weigh these trade offs carefully, he stated.

Despite robust power generation from renewables in the summer, Greece had skyrocketing wholesale electricity rates which it credited to Europe's internal power market distortions and insufficient power relate to central Europe, and asked the European Union for an immediate response.

(source: Reuters)