articles | 28 August 2019

€22m earmarked to reduce greenhouse gas emissions

The cabinet announced recently it has budgeted €22 million for new measures to reduce greenhouse gas emissions to meet EU objectives in tackling climate change.

The measures will be introduced in 2020-2022 with a total budget of €22 million.

The amount budgeted by the cabinet is less than the amount Cyprus would need to pay for the purchase of greenhouse gas emission allowances to EU.

At the suggestion of Agriculture Minister Costas Kadis, the new plan includes the management of F-gases, the reduction of greenhouse gas emissions in businesses and the production of biofuels from organic waste.

Greenhouse gases include carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O).

Source: Cyprus Mail

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus Investment Funds Association
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber
  • Logo for CYFA Cyprus
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus International Businesses Association
  • Logo for Ministry of Energy, Commerce, Industry and Tourism