The cash was secured as part of a joint effort involving the Electricity Authority of Cyprus (EAC) and the Agriculture Ministry, said Minister Nicos Kouyialis who was speaking at a joint news conference with Greek Minister of Environment, Energy and Climate Change and President of the EU Councils of Environment and Energy Yiannis Maniatis.

Kouyialis said the cabinet would approve the implementation of the project in the coming days. It would have great energy saving results for the island, he said. During a meeting they had earlier, Kouyialis and Maniatis discussed issues mainly concerning the new EU policy framework on climate and energy during the period 2020 – 2030 and agreed that it was extremely important to have a conclusion on the EU position with regard to this issue, in view of the forthcoming international negotiations on climate change. The two ministers decided to immediately set up a special working group to examine and promote issues of mutual interest in the field of environment protection and management as well as bio-diversity, and also in climate change issues. Maniatis underlined the importance of energy saving. Greece aimed at energy savings of up to 30% by 2030 he said.

NER300 is one of the world’s largest funding programmes for innovative low-carbon energy demonstration projects. The programme is conceived as a catalyst for the demonstration of environmentally safe carbon capture and storage (CCS) and innovative renewable energy (RES) technologies on a commercial scale within the European Union.

Source: Cyprus Mail