Nicosia, Cyprus. Economist Phoebe Koundouri said sustainable development is a prerequisite for Cyprus’ economic resilience, social cohesion and geopolitical stability, citing the country’s vulnerability to climate change in the Mediterranean.
Climate risks and need for long-term planning
Speaking to the Cyprus News Agency (CNA), Koundouri, a professor at Athens University of Economics and Cambridge University, said Cyprus is located in one of the Mediterranean regions most vulnerable to climate change. She pointed to rising temperatures, water scarcity and pressure on ecosystems as drivers of the need for integrated, long-term planning.
Energy transition as an economic opportunity
Koundouri said the energy transition offers Cyprus a strategic opportunity to redefine its economic model. She said Cyprus can invest in renewable energy sources, storage and interconnections, while also focusing on smart water management and high-value sustainable tourism.
Skills and project planning
Koundouri said developing green and digital skills could strengthen competitiveness and create new employment opportunities. She added that a systemic approach involving data connection, scenario modelling and cost-benefit analysis is needed to turn strategic goals into funded projects.
Governance and institutional maturity
Koundouri said the transition is not only a technological or economic issue but also a matter of governance and institutional maturity. She said that moving with scientific evidence, social participation and strategic consistency could turn the poly-crisis into an opportunity for transformation.
How do you think Cyprus should prioritise investments in renewables, water management and sustainable tourism?
