Establishment of a Climate Social Fund in Cyprus
June 25, 2025
The European Union is set to establish the Climate Social Fund in 2026 to support the transition to a green economy. Cyprus will receive a total of €174 million aimed at alleviating the impacts of the new Emissions Trading System on vulnerable citizens and businesses. The Fund will finance investments to reduce emissions and provide income support to those affected by energy poverty. Resources will be allocated to vulnerable groups and very small enterprises to address their increasing energy needs.