Economic Threats to Cyprus Due to Climate Change
September 27, 2026
Cyprus faces serious economic threats due to climate change, with 98% of damages from extreme weather events being uninsured. According to a report from the Fiscal Council, total investment needs for infrastructure protection reach €2.5 billion. Analyses indicate that the annual economic impacts of climate change will be significant, with costs estimated in the hundreds of millions of euros by 2050. In Cyprus, insurance coverage for such damages is low compared to other EU countries. Public funding is necessary to adapt to the impacts of climate change.