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<p>This paper presents the findings of our model-based study on the transition of Cyprus to a net-zero economy by 2050, with emphasis on a detailed methodology to assess the investment needs by type and funding source. A climate-neutral Cyprus will be characterized by almost complete replacement of fossil fuels by electricity and renewable sources, full utilization of waste and use of renewable hydrogen in transport and heavy industry. This will require serious investment from the public and private sectors: Public investment should absorb close to 1% of GDP each year until 2050, twice as much as public funds currently provide for climate action. At the same time, implementation of the carbon neutrality scenario requires higher investments, but can significantly reduce fuel import costs up to 2050. Therefore, these investments have the potential to be beneficial for the economy and society and, due to lower operating costs in the medium term, could possibly free up resources that can be reinvested in the economy. Still, important challenges lie ahead that call for swift policy action because delays in the green transition will be more costly to the Cypriot society.</p>

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The transition of the Republic of Cyprus to carbon neutrality: an in-depth assessment of investment needs

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年7月8日

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  • Theodoros Zachariadis,
  • Constantinos Taliotis

摘要

This paper presents the findings of our model-based study on the transition of Cyprus to a net-zero economy by 2050, with emphasis on a detailed methodology to assess the investment needs by type and funding source. A climate-neutral Cyprus will be characterized by almost complete replacement of fossil fuels by electricity and renewable sources, full utilization of waste and use of renewable hydrogen in transport and heavy industry. This will require serious investment from the public and private sectors: Public investment should absorb close to 1% of GDP each year until 2050, twice as much as public funds currently provide for climate action. At the same time, implementation of the carbon neutrality scenario requires higher investments, but can significantly reduce fuel import costs up to 2050. Therefore, these investments have the potential to be beneficial for the economy and society and, due to lower operating costs in the medium term, could possibly free up resources that can be reinvested in the economy. Still, important challenges lie ahead that call for swift policy action because delays in the green transition will be more costly to the Cypriot society.