Cabinet approves ambitious emissions plan

CyprusMail | Jan 15, 2020 at 8:00 PM
  • An ambitious climate and energy plan for the 2020-2030 period, which aims to save €500m, was approved by the cabinet on Wednesday.
  • As it stands, the Electricity Authority of Cyprus (EAC) will pay a projected €85m next year for carbon dioxide emissions allowances, a cost that will be transferred to consumers.
  • Carbon neutrality, or having a net zero carbon impact, means balancing carbon dioxide emissions with carbon removal.