Energy law

Renewable Energy Sources and environmental incentives, in the Republic of Cyprus

The European Union (EU) has already tuned its energy policy into achieving maximum carbon dioxide (CO2) emissions reduction from power generation plants. In this context, it has already set out a strategic objective of achieving at least a 20% reduction of greenhouse gases by 2020 compared to 1990 levels. This strategic objective represents the core of the new European energy policy. Recognizing the positive effects of renewable energy sources (RES) technologies towards achieving this goal, the EU has taken a range of specific actions in the direction of enhancing the integration of RES in the existing European power generation system as a major step towards the reduction of global warming and climate change phenomena. READ MORE