The Cyprus Institute has called for urgent investment in climate adaptation, warning that delays could lead to spiralling state costs from natural disasters.
In a new policy commentary, the Institute argues that the additional investments needed are within Cyprus’ economic capacity, but must be implemented without delay. Otherwise, future spending on damaged infrastructure and disaster relief could derail public finances.
“While international headlines may currently focus on political and economic matters, the scientific community is clear: climate change is escalating into a crisis,” the statement reads.
The Cyprus Institute says both pillars of climate policy—mitigation and adaptation—are essential to ensure long-term prosperity, social cohesion, and economic stability.
As the government reviews its National Strategy for Adaptation to Climate Change, the Institute’s policy paper highlights the risks of inaction. Beyond financial costs, it stresses that climate change disproportionately affects vulnerable households, especially in Cyprus, which is expected to experience some of the most severe climate impacts in Europe.
The full commentary is open for consultation and is available in both Greek and English.
Also read: Cyprus ranks last in EU for climate investment in 2023
