The Effect of Energy Efficiency Policies on the Medium-Term Energy Outlook of Cyprus
Journal
Cyprus Economic Policy Review
Date Issued
June 2014
Author(s)
Abstract
This paper presents an energy outlook for Cyprus up to the year 2020, quantifying
the energy savings that can be attained depending on the degree of
implementation of energy efficiency policies and the use of natural gas in power
generation. It turns out that the recent economic crisis does not seem to hinder
progress towards a more energy efficient economy, thanks to the increasingly
stringent energy efficiency regulations for buildings foreseen in EU legislation.
Proactive implementation of all energy efficiency measures promoted by EU
policies, and a stronger commitment towards improving the energy performance
of the transport sector, can lead to a substantial improvement in national energy
productivity. In view of the future EU-wide commitments to reduce greenhouse
gas emissions, a decisive adoption of energy efficiency policies will bring about a
significant structural shift in the country’s energy outlook, which will probably
pass the cost-effectiveness test as well.
the energy savings that can be attained depending on the degree of
implementation of energy efficiency policies and the use of natural gas in power
generation. It turns out that the recent economic crisis does not seem to hinder
progress towards a more energy efficient economy, thanks to the increasingly
stringent energy efficiency regulations for buildings foreseen in EU legislation.
Proactive implementation of all energy efficiency measures promoted by EU
policies, and a stronger commitment towards improving the energy performance
of the transport sector, can lead to a substantial improvement in national energy
productivity. In view of the future EU-wide commitments to reduce greenhouse
gas emissions, a decisive adoption of energy efficiency policies will bring about a
significant structural shift in the country’s energy outlook, which will probably
pass the cost-effectiveness test as well.
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