The European Investment Bank (EIB) will provide advisory support to Growthfund, the national fund for Greece's investments, to help strengthen the climate resilience of Greek ports. The initiative will be focused on conducting risk and safety assessments climate vulnerability for the ports of Volos, Alexandroupoli and Patras, supporting its adaptation to the challenges of change Climate change. Under the agreement, EIB Advisory will assist the port authorities in the identification and management of physical climate risks that could impact infrastructure and port operations, such as flooding sea level rise and weather events Extreme. These evaluations will help to define measures of adaptation specifications to improve sustainability to and economic resilience.

The advisory support will be structured around three activities, starting with a baseline assessment with analysis climate data and historical extreme weather events that affected the three ports. The Climate risk and vulnerability assessment identifying climate risks, assessing their impacts, and proposing adaptation measures. Finally, a financial impact assessment, analysing how risks may affect operating costs, revenues and the investment needs.

"Ports," said the EIB Vice-President, Ioannis Tsakiris, announcing the agreement - are essential for Greece's economy and connectivity, but they need to addressing increasing risks due to climate change. By partnering with Growthfund, we intend to provide ratings and strategic solutions to protect infrastructures vital port facilities and ensure their sustainability for a long time term'.