The Council of Ministers approved three new measures for professionals and businesses, amounting to € 22,5 million, aimed at meeting Cyprus’s greenhouse gas (GHG) emission reduction targets. Specifically, the three measures in brief:
- The first measure, with a budget of € 2,25 million for the years 2021-2022, concerns the management of F-gases and for which there is no institutional framework for rational management.
- The second measure for enterprises, with a budget of € 13,5 million for the years 2020-2022, concerns the preparation of a specific plan for GHG emission reduction grants. This measure is directly linked to the “Business4Climate” initiative implemented by the Department of Environment, Ministry of Agriculture, Rural Development & Environment in collaboration with Cyprus Employers and Industrialists Federation (OEB) and Cyprus University of Technology (CUT).
- The third measure, with a budget of € 6,75 million for the years 2020-2022, concerns the promotion of biofuel production from waste.
The total GHG emissions expected to be reduced from 2020 to 2022 by the three measures is 1 million tonnes of CO2 equivalent.
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