HEREMA - Sustainability - Climate Change Mitigation


Accelerating our Low Emissions Future

HEREMA is working together with government and key stakeholders on the essential role that Greece’s natural resources must play in the energy transition to reach the ultimate goal of net zero carbon by 2050. We are focused on capitalising on the country’s natural gas reserves, tapping into its offshore wind power, and leveraging Greece’s capacity as a carbon abatement resource.

Given its key role as a “bridging fuel”, natural gas is expected to remain an important component within the energy mix. According to government forecasts, demand for natural gas is likely to increase by 40% through coal-to-gas switching, while generating a 50% reduction of CO2 emissions in our energy system.

We are committed to helping power the transition to a low-emissions future and in enabling a sustainable transformation of our energy system driven by three fundamental principles: affordability, reliability of supply, and an integrated approach where all available low-carbon sources of energy are put to use.


Greece’s First Climate Law

Inspired by the European Union’s vision for carbon neutrality by 2050, Greece’s National Climate Law sets out ambitious goals. Greenhouse gas emissions are slated for reduction by at least 55% by the end of the current decade, 80% by 2040, before achieving net zero emissions by 2050.

In addition to the establishment of sectoral carbon budgets, the law affirms Greece’s commitment to fully phase out lignite-based power production by 2028 – a type of coal and the most polluting fossil fuel.

Greece aims to double installed renewable energy capacity to approximately 20 gigawatts by 2030, of which 2 gigawatts are earmarked to derive from offshore wind. Energy storage and carbon abatement technologies are set to play a crucial role, while large-scale investments across the energy spectrum are a top priority.