Cyprus expects fuel prices to increase by approximately 10% by 2027 due to new EU emissions regulations, the House Environment Committee heard.
The price hike, affecting both transport and heating fuels but excluding agricultural fuel, will coincide with additional increases as Cyprus raises its biofuel content requirements to reduce greenhouse gas emissions.
Environment Department Director Theodoulos Mesimeris told the committee that Cyprus aims to reduce greenhouse gas emissions by 32% compared to 2005 levels, equivalent to about three million tonnes. The country will pay 150 million euros for the 2021-2025 compliance period, he added.
Committee Chairman Charalambos Theopemptou expressed concern about the combined impact of various price pressures, including emissions trading costs and increased biofuel content, warning of potential hardship for Cypriot households already struggling with energy poverty.
The national plan includes measures such as housing renovation schemes, restrictions on cattle population growth, municipal waste management initiatives, and targeted land use policies. Officials acknowledged challenges in finding qualified technicians for building energy upgrades, particularly for heat pump installations.
Cyprus will submit its final plan to the European Union in December.
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