Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/10652
Title: In-depth assessment of the energy efficiency potential in Cyprus
Authors: Zachariadis, Theodoros 
Michopoulos, Apostolos 
Vougiouklakis, Yannis 
Struss, Benjamin 
Piripitsi, Katerina 
Ellinopoulos, Christodoulos 
Major Field of Science: Engineering and Technology
Field Category: Environmental Engineering
Keywords: Building renovation;Decarbonisation;Energy forecast;Energy saving potential
Issue Date: Dec-2017
Source: Cyprus Economic Policy Review, 2017, vol. 11, no. 2, pp. 86-112
Volume: 11
Issue: 2
Start page: 86
End page: 112
Journal: Cyprus Economic Policy Review 
Abstract: This paper presents results from the first in-depth study on the energy efficiency potential in Cyprus. Different energy models were combined in order to conduct simulations and provide recommendations to national authorities so that Cyprus can meet its targets in the frame of the EU energy and climate policies. The study assessed both the maximum theoretically available potential for energy efficiency improvements and the economically viable potential, and then translated these assessments to aggregate energy demand forecasts. The analysis shows that Cyprus cannot continue along a ‘business-as-usual’ path in improving the efficiency of its energy system if it is to achieve the EU decarbonisation goals for year 2030 and beyond. In theory, there is a large potential to increase the energy productivity of the Cypriot economy, its exploitation requires a very substantial mobilisation of financial resources, at a rate that has not been observed in the past. An intensification of smart financial tools to enable energy efficiency investments, coupled with a green tax reform that will gradually implement a carbon tax while reducing the tax burden of labour, can facilitate a smooth transition to a low-carbon economy
URI: https://hdl.handle.net/20.500.14279/10652
ISSN: 14504561
Type: Article
Affiliation : Cyprus University of Technology 
Deutsche Gesellschaft für International Zusammenarbeit 
Industry and Tourism of the Republic of Cyprus 
Publication Type: Peer Reviewed
Appears in Collections:Άρθρα/Articles

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