- The European Investment Bank (EIB) is providing advisory support to enhance the climate resilience of Greek ports, focusing on Volos, Alexandroupoli, and Patras.
- The initiative involves conducting climate risk and vulnerability assessments (CRVAs) for the selected ports to identify and address potential climate-related challenges.
The European Investment Bank (EIB) will be providing advisory support to Growthfund, Greece’s National Investment Fund, to help strengthen the climate resilience of key Greek ports, reports Bunkerspot.
The initiative will focus on conducting climate risk and vulnerability assessments (CRVAs) for the ports of Volos, Alexandroupoli, and Patras.
Climate risk and vulnerability assessments
EIB Advisory will assist the corresponding port authorities in identifying and addressing physical climate risks which could impact port infrastructure and operations, such as coastal flooding, rising sea levels, and extreme weather events.
EIB Vice-President Ioannis Tsakiris said: ‘Ports are critical for Greece’s economy and connectivity, but they face increasing risks due to climate change. By working with Growthfund, we aim to provide structured assessments and strategic solutions to protect vital port infrastructure and ensure its long-term viability.’
Panagiotis Stampoulidis, Deputy CEO of Growthfund, added: ‘Climate change is one of the greatest challenges of our time, and ports — as critical infrastructure for the Greek economy, society, and the country’s connectivity — are at the forefront of this challenge. Our collaboration with the Advisory Services of the European Investment Bank is fully aligned with Growthfund’s strategic planning to strengthen key public infrastructure.’
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Bunkerspot
