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On 5 July 2024, the European Investment Bank signed an advisory agreement with Athens Water Supply and Sewerage Company (EYDAP) to support the company’s 10-year investment program worth €2.0 billion (US$2.2 billion). The deal comes at a crucial time as drought-stricken Greece reckons with climate change volatility and overtourism, exacerbating the country’s water scarcity. An exceedingly warm winter followed by an early heat wave into the summer makes 2024 a particularly challenging year.
In this Research Note:
- EYDAP pursues nonconventional water resource strategy
- Athens provides key urban use case for agriculture-focused water reuse in Greece
- Beyond climate change and overtourism, Greece’s water struggles are symptomatic of structural, governance challenges
