Recommendations for Cyprus's Energy Strategy
December 15, 2024
Kyriakos Kakouris, the Vice President of the EIB, suggests that Cyprus should focus on renewable energy sources and energy storage. He emphasizes the need to move away from fossil fuels and reduce electricity costs. He also highlights the importance of the gas terminal project at Vasilikos and EIB's support for the National Energy and Climate Plan. Delays in the project do not undermine its strategic importance for Cyprus's economy and environment.