Cyprus Institute on climate change: Cyprus will be among EU countries with heaviest negative welfare impact

11:03 - 28 August 2024

Current Affairs

A new paper published by the Cyprus Institute in its Policy Brief series, entitled "Climate Policy is Good Economic and Social Policy", examines the economic impact of climate change, noting that Cyprus will be among the European countries with the heaviest negative welfare impact on vulnerable households.

In this Brief, CyI professor Theodoros Zachariadis reports on the recent findings of scientific studies on the economic impacts of climate change. According to the paper, the most recent studies estimate much more adverse impacts of climate change on the economy than earlier analyses and estimate that Cyprus' vulnerable households will be among those with the heaviest negative welfare impact in Europe.

For this reason, the Policy Brief includes specific policy proposals both to mitigate the emissions responsible for climate change and to adapt the country to climate change. It underlines that policy-makers, when making decisions, should account for the substantial benefits of decarbonisation to the Cypriot economy and the potential of climate policies to protect vulnerable citizens from the most severe impacts of the climate crisis.

The impacts of climate change on Cyprus and the region will be discussed at the upcoming conference “Climate Crisis in the Eastern Mediterranean and the Middle East”, co-organised by The Cyprus Institute and the Cyprus Academy of Sciences, Letters and Arts, taking place 26-28 September 2024, in Larnaca.

Cyprus Institute on climate change: Cyprus will be among EU countries with heaviest negative welfare impact

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