Republic of Cyprus Second Voluntary National Report - Sustainable development goals

67 AFFORDABLE AND CLEAN ENERGY SDG 7 | Ensure access to affordable, reliable, sustainable, and modern energy for all EU RANK TREND ENERGY CONSUMPTION Primary Energy Consumption 15 Final Energy Consumption 14 Greenhouse Gas Emissions Intensity of Energy Consumption 24 ENERGY SUPPLY Renewable Energy Sources 20 ENERGY SUPPLY: ENERGY IMPORT DEPENDENCY Solid Fossil Fuels 3 Oil And Petroleum Products (Excluding Biofuel Portion) 12 Natural Gas 26 : ACCESS TO AFFORDABLE ENERGY Population unable to keep home adequately warm by poverty status 25 Note: Data comes from the Statistical Service of Cyprus. EU rank presents the rank of Cyprus among the EU member states, for the most recent available year. Trend presents the 10-year trend from 2010-2019. Pos, Neg, Neg-Pos, and, Pos-Neg indicate a positive, a negative, a U-shape and an inverse U-shape trend, respectively. Green arrows indicate an improvement in the performance of Cyprus and red arrows indicate a decline in the performance of Cyprus. indicates a constant trend. : indicates that the trend is not calculated, because less than 8 years of data are available. Highlights – 2020 • Cyprus is among the EU countries with the highest greenhouse gas emissions index due to the high dependency on fossil fuels for energy production. • Fossil fuel-based energy make Cyprus highly vulnerable to fluctuations in global oil prices and increase the cost of energy. • The total Renewable Energy Sources (RES) contribution has doubled between 2013 and 2018 leading to overachieving the 2020 target (reaching 13,8%in 2019). • A significant percentage of the population is unable to keep their home adequately warm. Covid Response • Despite the negative impacts of the COVID-19 crisis on economic activity and on public finances, Cyprus is continuing its efforts for the achievement of the national targets in energy efficiency and renewable energy for 2030. • Cyprus is currently preparing proposals under EU financing tools and mechanisms that will accelerate the uptake of the planned polices and measures set in the National Energy and Climate Plan for the years 2021-2030 (NECP) and also promote job creation, growth, green transition, and social resilience. Looking Ahead • As part of the NECP for the years 2021-2030, Cyprus is working towards meeting the quantitative targets set for 2030 in relation to increasing the share of RES in energy consumption; improving energy efficiency; security of supply; and, functioning of the internal energymarket. • The implementation of the energy policy while attaining the climate and environmental targets, requires a radical transformation of the energy system over the next decade and, therefore, the implementation of significant investments in energy infrastructure as well as in energy efficiency.