{"id":2385,"date":"2019-07-27T19:31:14","date_gmt":"2019-07-27T16:31:14","guid":{"rendered":"http:\/\/2020.sustainabilityreport2018.helpe.gr\/201-2\/"},"modified":"2023-07-18T13:47:29","modified_gmt":"2023-07-18T10:47:29","slug":"11-2-2","status":"publish","type":"post","link":"https:\/\/sustainabilityreport2022.helleniqenergy.gr\/en\/indicators\/11-2-2\/","title":{"rendered":"11.2.2"},"content":{"rendered":"<p>For 2022, the obvious financial implications for HELLENiQ ENERGY were directly related to the cost of covering the emissions allowance deficit, as all three of the Group\u2019s refineries in Greece participate in the EU ETS.<\/p>\n<p>For the period 2021-2025 (first sub-period of the 4th trading phase) and under the new allowance allocation rules, compliance costs have increased significantly as the 2022 data show, due to the significant increase in the price of allowances (over 85\u20ac\/tn at the end of 2022), but also due to the decreasing amount of emission allowances under the new free allocation rules.<\/p>\n<p>With regard to the opportunities created by business activities due to climate change, the Group is already significantly active in the Renewable Energy Sources (RES) sectors in environmentally sustainable activities, i.e. eligible and aligned with the taxonomy (EU Taxonomy). These activities are:<\/p>\n<ul>\n<li>generation of energy using solar photovoltaics (activity number 4.1) and<\/li>\n<li>generation of energy from wind energy (activity number 4.3).<\/li>\n<\/ul>\n<p>Through its subsidiaries, the Group participates in the sector of electricity production from RES with a total production capacity in 2022 of 340 MW. Furthermore, in 2022, the acquisition of wind farms in the region of South Evia with a capacity of 38 MW and in the area of Mani with a capacity of 55 MW, as well as of two PV parks with a total capacity of 16 MW in Viotia (all in operation) was completed.<\/p>\n<p>It is also worth noting that HELLENiQ ENERGY actively participates in the formulation of energy and climate change policies at national and European level, such as the EU ETS, the Energy Efficiency Directive, etc., as well as in international initiatives such as the \u201ceFuel Alliance\u201d for the promotion and development of synthetic fuels, as part of the industry\u2019s energy transition and its vision for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For 2022, the obvious financial implications for HELLENiQ ENERGY were directly related to the cost of covering the emissions allowance deficit, as all three of the Group\u2019s refineries in Greece participate in the EU ETS. For the period 2021-2025 (first sub-period of the 4th trading phase) and under the new allowance allocation rules, compliance costs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.14 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>11.2.2 | 2022 Sustainability Report<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"11.2.2 | 2022 Sustainability Report\" \/>\n<meta property=\"og:description\" content=\"For 2022, the obvious financial implications for HELLENiQ ENERGY were directly related to the cost of covering the emissions allowance deficit, as all three of the Group\u2019s refineries in Greece participate in the EU ETS. 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