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28.05.23 – The EU’s gas policies and impact on Cyprus

EU’s gas policies are embodied in its RePwerEU strategy: to reduce gas consumption by 30 per cent by 2030 and carry on reducing it on the way to achieve net-zero emissions by 2050.

The recently adopted ambitious climate targets to 2030 not only support this but depend on it: reduce carbon emissions by 55 per cent in comparison to 1990 levels, increase renewables share of final energy consumption to 42.5 per cent and reduce final energy consumption by 11.7 per cent. These targets cannot be achieved without reducing fossil-fuel consumption.

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