4 FAQs about Cyprus energy-saving new energy

What is Cyprus' energy policy?

Cyprus' energy policy is providing financial support to RES projects, and a special fund was created aiming to support RES and energy saving investments in Cyprus, with revenue derived from consumers paying a 'green tax' levied on electricity bills.

What is Cyprus doing to reduce energy costs?

Cyprus has prioritised work for both the reduction of energy costs and the further exploitation of the national potential of renewable energy and energy efficiency.

What does the new energy plan mean for Cyprus?

The revised plan will aim to provide a detailed map of the country's transition to a more competitive, lower greenhouse gas emissions energy system, by establishing adequate policies and measures to enable Cyprus to successfully meet its new, more ambitious energy objectives for 2030.

Can Cyprus meet 40% of its energy demand by 2030?

Over the last several years, solar energy projects have become a thriving segment for Cyprus. The International Renewable Energy Agency (IRENA) has been working with Cyprus assessing the country's potential in its transition to renewable energy and noted that Cyprus has the potential to meet 40% of its energy demand through solar power by 2030.

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