Οι άμεσες ξένες επενδύσεις ως παράγοντας για την πράσινη μετάβαση στην Ελλάδα
Foreign Direct Investment as a factor for the green transition in Greece

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Keywords
Άμεσες Ξένες Επενδύσεις (ΑΞΕ) ; Πράσινη ανάπτυξη ; Πράσινη μετάβαση ; Βιώσιμη ανάπτυξη ; Pollution haven effect ; Pollution halo effect ; Ανανεώσιμες Πηγές Ενέργειας (ΑΠΕ) ; Ενεργειακή μετάβαση ; Κυκλική οικονομίαAbstract
This study explores the relationship between Foreign Direct Investment (FDI) and green growth in Greece, employing a dual methodological approach: on the one hand, a comparative qualitative analysis of the national investment landscape and best practices; on the other, an empirical analysis based on a multiple linear regression model. In the first stage, through an extensive literature review and the identification of real-world investment cases, the study maps the state-of-the-art of FDI activity in key sectors of the green transition, namely renewable energy, circular economy, and sustainable transport; highlighting both promising opportunities and structural shortcomings. In the second stage, a statistical analysis was performed using a multiple linear regression model, aiming to assess the relationship between FDI and economic development, as measured by Gross Domestic Product (GDP), and CO₂ emissions, used here as an indicator of environmental performance. The results indicate that FDI exhibits a negative but not statistically significant relationship with CO₂ emissions, suggesting a potential association with reduced environmental burden, although this finding is not statistically confirmed. In contrast, economic growth, as reflected by GDP, is positively and statistically significantly associated with CO₂ emissions, indicating the persistence of energy-intensive patterns in domestic development. The study concludes with a set of policy recommendations, emphasizing that FDI should not be viewed merely as a source of financing, but also as a mechanism for knowledge transfer, the adoption of best practices, and the acceleration of Greece’s green transition.


