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

Online voting for the 17th IN Business Awards underway
Easter & Tradition Festival at Paradox Museum Limassol
Bazaraki x Ask Wire: Strategic Partnership to deliver game-changing real estate market insights
'Flavours of Bharat' - A Celebration of India's Heritage in Cyprus
New loans decline continues in February, CBC says
Altia: Gold Sponsor of the Run For Autism Half Marathon 2025
Retail trade turnover up in February
Building permits issued down 28.1% in November 2024
Cyprus seeks €120m in fifth Recovery and Resilience Facility grant tranche, Finance Ministry says
"It's our declaration of economic independence," Trump says announcing reciprocal tariffs