Template-Type: ReDIF-Article 1.0

Author-Name: Theodoros Zachariadis
Author-Workplace-Name:Department of Environmental Science and Technology, Cyprus University of Technology
Author-Email:t.zachariadis@cut.ac.cy

Title: The Effect of Energy Efficiency Policies on the Medium-Term Energy Outlook of Cyprus
Abstract: This paper presents an energy outlook for Cyprus up to the year 2020, quantifying the energy savings that can be attained depending on the degree of implementation of energy efficiency policies and the use of natural gas in power generation. It turns out that the recent economic crisis does not seem to hinder progress towards a more energy efficient economy, thanks to the increasingly stringent energy efficiency regulations for buildings foreseen in EU legislation. Proactive implementation of all energy efficiency measures promoted by EU policies, and a stronger commitment towards improving the energy performance of the transport sector, can lead to a substantial improvement in national energy productivity. In view of the future EU-wide commitments to reduce greenhouse gas emissions, a decisive adoption of energy efficiency policies will bring about a significant structural shift in the country’s energy outlook, which will probably pass the cost-effectiveness test as well.

Classification-JEL:
Keywords: Energy conservation, forecast, National Action Plan. 
Journal: Cyprus Economic Policy Review
Pages: 35-51
Volume: 8
Issue: 1
Year: 2014
Month: June
File-URL: https://www.ucy.ac.cy/erc/documents/Zachariades_35-51.pdf
File-Format: Application/pdf
Handle: RePEc:erc:cypepr:v:8:y:2014:i:1:p:35-51