ADPD-The Green Party on Saturday warned that Malta's current energy strategy is creating significant economic risks and increasing public debt. The party highlighted a critical lack of planning regarding energy efficiency and the reduction of waste.

A major point of concern is the recent formal warning issued to Malta by the European Commission for failing to submit National Building Renovation Plans. These plans are intended to drive investment in the decarbonization of the construction sector and improve the efficiency of residential and commercial buildings by 2025.

The Green Party argued that the government currently encourages speculation and the proliferation of low-quality, energy-inefficient buildings. Furthermore, they criticized the policy of subsidizing energy waste rather than incentivizing renewable sources and basic usage. This approach is seen as a waste of vital resources that will ultimately burden future generations with unsustainable debt.

Deputy General Secretary Mario Mallia observed that Malta's energy model leaves the country vulnerable to international market instability. He cited Spain as a successful example, noting that by doubling its wind and solar capacity since 2019, Spain has achieved some of the lowest energy prices in Europe while creating new career opportunities.

Chairperson Sandra Gauci emphasized that a transition to sustainable energy must go hand in hand with reducing demand. She described Malta's buildings as an untapped opportunity for energy savings, suggesting that national renovation programs and better insulation could drastically lower electricity needs.

The party's Green Vision 2050 outlines a decentralized system focused on rooftop solar energy, energy cooperatives, and improved storage networks. The plan aims for 50 percent of electricity to come from renewable sources by 2030, a significant increase over the current 25 percent target.

By moving toward electrification of public transport and generating power from clean sources, the ADPD believes Malta can stabilize prices and protect families from global price shocks. Gauci concluded that the best way to safeguard the country's finances and public health is to move away from fossil fuels and invest in a future defined by energy efficiency and modern, green jobs.