Financial Crisis in Greece, the Reason for the Replacement of Heating Diesel Systems
[1]
Jacob G. Fantidis, Department of Electrical Engineering, Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece.
[2]
D. V. Bandekas, Department of Electrical Engineering, Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece.
[3]
C. Potolias, Department of Electrical Engineering, Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece.
[4]
K. Karakoulidis, Department of Electrical Engineering, Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece.
[5]
P. Kogias, Department of Electrical Engineering, Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece.
In September 2009, Greek economic crisis exploded. The Greek government tried to resolve this "problem" with a loan from troika, with the requirement that the country will implement a wide array of austerity measures. The standard of living for the majority of the Greek citizens has changed drastically and the price of heating oil has become prohibitive for many of them. Due to the country's geographical position, its rugged relief and its distribution between the mainland and the sea, there is great variation in Greece's climate. The aim of this paper is to evaluate the feasibility of different heating systems as an alternative solution to the existent heating diesel systems. The RETScreen software was used to predict the financial viability and the green house gas emissions reductions. Except from financial benefits utilization of alternatives fuels means that considerable quantity of CO2 will not released into the local atmosphere each year.
Heating Systems, Financial Crisis, Greece, RETScreen, GHG Emissions
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