ECONOMY

The one problem in Greece

The one problem in Greece

In the period 2010-15, those of us living abroad were treated to a particularly discriminatory attitude from residents of other countries. The worst behavior was from Central and Northern Europeans, primarily Germans. Greece’s entry into the First Economic Adjustment Program, known as the “First Memorandum,” in 2010 and the diversion of this course with the…

The circular economy: transforming waste into wealth

The circular economy: transforming waste into wealth

The idea of the circular economy is quickly becoming a game-changing paradigm for solving sustainability issues worldwide and generating enormous economic potential. The circular economy places more emphasis on extending the lifecycle of materials, designing out waste, and regenerating natural systems than the conventional linear economy, which follows the “take, make, dispose” model. In recent…

Why Olive Oil Prices in Greece Aren’t Falling

Why Olive Oil Prices in Greece Aren’t Falling

In Greece, the reduced olive oil prices at ori­gin are not reflected in the retail mar­ket, as con­sumers con­tinue to dig deep into their pock­ets when buy­ing olive oil in super­mar­kets and gro­cery stores. Producer prices for extra vir­gin olive oil in the coun­try have almost halved this year, rang­ing from €4.80 per kilo­gram in…

Water scarcity poses risk to Mediterranean marine life and economy

Water scarcity poses risk to Mediterranean marine life and economy

There is a critical link between reduced river flow into the Mediterranean and the health of the Mediterranean marine ecosystems. New research underscores the urgency of integrating water resource management to properly safeguard the rich biodiversity of seas and ocean and the economies it supports. Climate change impacts such as more frequent and more severe…

New study assesses impact of agricultural research investments on biodiversity, land use

New study assesses impact of agricultural research investments on biodiversity, land use

New, groundbreaking research shows how, at a local scale, agricultural research and development led to improved crop varieties that resulted in global benefits to the environment and food system sustainability. The Purdue University study appears in the latest issue of Proceedings of the National Academy of Sciences. “At the global level, we see a reduction…

Green hydrogen: Big gaps between ambition and implementation

Green hydrogen: Big gaps between ambition and implementation

In recent years, more than 60 countries have developed strategies to stimulate the market ramp-up of hydrogen, particularly in the industrial sector. However, in 2023, less than ten percent of the originally announced green hydrogen production was realised, shows a new study published in the journal ‘Nature Energy’. The main reason: hydrogen remains an expensive…

New framework shows the challenges involved with establishing a biodiversity credit market

New framework shows the challenges involved with establishing a biodiversity credit market

Oxford University ecologists have co-devised a new framework to classify how biodiversity credit operators define what a unit of nature is. The new analysis demonstrates the challenges involved with devising a biodiversity credit market to fund nature recovery, and the risks of relying too heavily on ‘offsetting.’ We can’t avoid all impacts of human activity…

Recycling: A Solar Panel’s Life after Death

Recycling: A Solar Panel’s Life after Death

Solar panel recycling plays a role in the energy sector because it tackles the environmental and economic issues linked to disposing of old solar panels. As the global energy installation continues to surge, many solar panels will reach their end-of-life stage in the coming years, resulting in waste. Recycling these panels prevents substances from entering…

Tourism Challenges in the Eastern Mediterranean: Overtourism, Geopolitical Conflicts and Sustainability

The region of the eastern Mediterranean continues to play a central role in the international tourism economy. Unlike any previous crisis, Covid-19 shut down international travel, shuttered businesses and brought about a near collapse of tourism economies in the region and beyond. By 2021, however, most of the tourism sectors of the eastern Mediterranean rebounded…