The Greek island of Agios Efstratios, colloquially known as Ai Stratis, is betting big on renewable energy. Located in the north-eastern Aegean Sea, this small volcanic island with just 250 residents literally runs on the sun and wind. Previously, the island depended entirely on fossil fuels; now it produces 91% of its electricity from renewables, thus avoiding the emission of about a thousand tonnes of CO₂ into the atmosphere each year, thanks to the European Union-funded Ai Stratis – Green Island project.
This island saves 1,000 tonnes of CO2 every year out of this project. The cost of electricity generation now, it's steady, predictable. The people in Agios Stratios do not care anymore about oil markets. They don't care about what happens in the Strait of Hormuz, because it doesn't affect them.
