Manos Konsolas calls for immediate activation of the Decarbonization Fund for major island projects
Dodecanese MP Manos Konsolas, through a new parliamentary intervention, highlights the significant opportunities for implementing major green energy projects on the islands through the Decarbonization Fund and requests updates from the Ministry of Environment and Energy regarding the activation timeline and actions taken so far.
He stresses that the Decarbonization Fund is a key financing tool for green energy transition projects on the islands, with available resources exceeding €1 billion by 2032, derived from auctions of 25 million CO₂ emission allowances.
These resources could leverage up to €4.4 billion in additional private investment for energy transition projects, in combination with the European Union Modernisation Fund.
According to Mr. Konsolas, the Fund can support:
- renewable energy projects and energy storage infrastructure,
- interconnection of islands with the mainland electricity grid,
- hydroelectric projects and dams,
- electric vehicle charging infrastructure,
- offshore floating wind farms,
- shore-side electricity supply for ships and alternative fuel infrastructure,
- photovoltaic systems for households, businesses, municipalities, farmers, and airports.
Through these projects, the islands can achieve greater energy autonomy, become models of sustainable development, and significantly reduce energy costs for residents and businesses.
The MP notes that, according to the initial planning, the Ministry of Environment and Energy was expected to submit the proposal dossier to the European Commission by the end of 2025, so that it could subsequently be evaluated by the European Investment Bank.
Within his parliamentary intervention, he raises three questions to the Ministry:
- Has the process for defining the framework and content of the proposals to the European Commission been completed?
- Which specific projects are being proposed for the Greek islands?
- When is approval by the European Investment Bank expected and when will disbursement of the Fund’s resources begin?
