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Cyprus: More than €1 bln to be allocated in 5 years for speedy transition to a Green Economy

More than 1 billion Euros will be allocated in Cyprus during the next five years for a speedy transition to a Green Economy.

Ministers of Agriculture, Rural Development and Environment, Costas Kadis, Energy, Commerce and Industry, Natasa Pilides and Transport, Communications and Works, Yiannis Karousos, presented on Monday, during a press conference, the policies, reforms and projects included in the National Recovery and Resilience Plan that are related to the speedy transition to a Green Economy.

The pillars on which this transition focuses are climate and the environment, termination of Cyprus’ energy isolation and the opening of the energy market, electromobility and sustainable mobility, upgrading energy performance and renewable energy sources, sustainable management of water resources and circular economy and waste management.

 

Source: Cyprus News Agency