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

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.

Read More

Banking sector profitability declines by €47m to €1.215b in 2024
Honorary Consul of the Philippines in Cyprus attends CSW69
Four out of five internet connections in Cyprus at a speed of 100Mbps or higher
Enjoy Easter with the most EPIC offers – €200 discount on smartphones at Epic
European travellers need €12 entry permit to visit the UK starting today
Cyprus' air connectivity strengthened with new destinations and bolstering of existing routes
A step forward for the protection of the Mediterranean Monk Seal Monachus Monachus
Sales of new houses exceeded €2 billion in 2024, Landbank Analytics reports
EU to give Cyprus technical support on spatial planning, electricity distribution, defence industry and water
CCLEI continues its upward trajectory, up by 2.9% Y-o-Y in February