Further, she noted, it requires the immediate abolition of the linear economic model of production and consumption and a firm commitment to the principles of the circular economy.
The workshop is organised by the European Forum for Renewable Energy Sources (EUFORES), in cooperation with the House of Representatives. Demetriou reaffirmed the readiness of the House of Representatives to assist in every possible way in accelerating the energy transition of our country, through the timely adoption of the necessary legislative reforms stemming from the international and European commitments of the Republic of Cyprus as well as the exercise of sufficient parliamentary control for the timely implementation of the ambitious milestones and targets.
At this critical juncture, he said, the issue of energy transition becomes more topical than ever. The dramatic consequences of the Russian invasion of Ukraine have highlighted the urgent need to decouple from fossil fuels, remove energy isolation and enhance security of energy supply. In this context, he welcomed the "REPowerEU" Plan recently announced (May 2022) by the European Commission, aimed at eliminating the EU's dependence on Russian fossil fuels and accelerating the green transition.
Transitioning to a green economy and achieving climate neutrality is a strategic objective of paramount importance for Cyprus under its commitments under the United Nations Sustainable Development Goals, the Green Deal and the National Recovery and Resilience Plans and Energy and Climate said.
The project also finances the implementation of the "EuroAsia Interconnector" project for the Cyprus-Greece-Israel electricity interconnection, which is expected to make a catalytic contribution to lifting Cyprus' energy isolation, developing a competitive electricity market and increasing electricity production from renewable energy sources.
Finally, he said that the House of Representatives, as the main representative of the will of the people, can play a catalytic role in enabling citizens to share the multiple benefits of the energy transition process.
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