The Development of Renewable Energy Governance in Greece. Examples of a Failed (?) Policy
Renewable energy sources (RES) implementation has been crucial for countries throughout Europe, and this led to several legislative efforts to enhance RES development. However, the persisting financial crisis frequently proved to constitute an obstacle in taking correct and efficient measures. The need to reduce fiscal market specific deficits seemed to overshadow RES policies’ efficient implementation, leading to situations that drive away investments rather than facilitate them. In some cases, the governments, in their effort to mitigate the existing fiscal deficits and adapt to the financial crisis persisting in Europe, often seem to take a wrong turn. The measures they have adopted seem to be in the opposite direction, since they only consider short-term financial results, ignoring the medium- and long-term negative effects in the overall economy. Moreover, regulatory issues that remain unsolved (i.e., unforeseen delays in the licensing procedure) also discourage investments in the renewable energy sector, leading to a recession rather than economic growth. This deficient national governance fails to get the “broader picture” and assess correctly the many advantages of an increased, but also well-structured, RES penetration.
KeywordsRenewable Energy Source Special Account Production License License Procedure Offer Curve
Many thanks go to my colleague at Law Firm “Metaxas and Associates” Ms. Chr. Sarantidou, Attorney At Law, LL.M. (NYU) for her assistance in drafting this chapter as well as to Ms. S. Katemoglou for her editorial support.
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