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Cyprus’s Rising Emissions: A Critical Call for Strategic Energy Reform

Overview Of The Alarming Trend

Recent Eurostat data from the 2025 Key Figures on Europe edition reveals a stark anomaly: Cyprus is the sole European Union member recording an increase in greenhouse gas emissions compared to 1990 levels. While the EU has achieved an overall reduction of approximately 37%, Cyprus has experienced an almost 50% surge in emissions—a trend that not only highlights a failure to adapt to European environmental policies but also underscores a lack of cohesive national strategy.

Underlying Causes And Risk Factors

A combination of systemic shortcomings and delayed policy responses underpins this upward trajectory. In the electricity generation sector, Cyprus remains overwhelmingly dependent on fossil fuels. According to Eurostat’s 2023 energy dependency index, more than 90% of the island’s energy needs are met through imports, placing Cyprus among the most reliant EU nations. This vulnerability is compounded by the absence of significant interconnection with other EU countries, limiting the nation’s ability to adopt smarter, cleaner energy solutions.

Challenges In Renewable Integration

Despite a gradual increase in installed renewable capacity, the lack of storage infrastructure and grid flexibility has severely restricted the penetration of solar and other renewable energies into the national grid. In contrast, several Southern European counterparts have successfully integrated high levels of renewables by deploying smart grids and large-scale storage projects. The delayed digitalization and modernization of Cyprus’s energy network directly contribute to higher per kilowatt-hour emissions compared to the European average.

Transportation Sector Stagnation

Cyprus’s transportation system further exacerbates the problem. An overreliance on private vehicles, coupled with inefficient public transit and sluggish adoption of electric mobility—driven by high costs and an underdeveloped charging infrastructure—has resulted in escalating emissions from transport. Meanwhile, other EU states have implemented robust support programs for fleet upgrades and charging infrastructure expansion, yielding significant emission reductions.

Policy Inertia And Missed Opportunities

Fragmented and short-term policy approaches have deepened Cyprus’s challenges. Without long-term institutional planning, the country has struggled to sustain investments in clean technology, from the delayed utility of natural gas as a transitional fuel to the inconsistent adoption of renewable energy projects incorporating storage and smart management solutions. These gaps have resulted in a series of missed opportunities, ultimately leaving Cyprus trailing behind its EU peers in meeting climate targets.

Pathways To A Sustainable Future

Reversing this adverse trend requires coordinated and decisive reforms. Natural gas could serve as a temporary bridge, provided its use is embedded within a coherent decarbonization strategy. The completion of the terminal FSRU in Vasiliko offers a chance to reduce emissions; however, it must be integrated into a long-term plan to phase out carbon reliance.

Accelerating Renewable Energy And Grid Modernization

A robust strategy must extend beyond simply boosting renewable capacity. Investment in both large and small-scale storage solutions, smart grid technologies, and streamlined permitting processes is critical. Furthermore, the Great Sea Interconnector (GSI) project, which links Cyprus to the broader European grid, is of strategic importance—not merely as a transmission asset, but as a catalyst that can enhance energy security, facilitate higher renewable penetration, and lower system balancing costs.

Complementary Measures And Institutional Continuity

Complementary measures, including the expansion of charging networks, incentives for electric fleets, and the promotion of alternative fuels such as hydrogen and biofuels, are essential. Equally important are digitalization initiatives—smart meters, consumption platforms, and digital twins—that can optimize efficiency and reduce wastage.

Long-Term Strategic Roadmap

For Cyprus to transition successfully, a comprehensive Energy Transition Roadmap out to 2050 is paramount. Such a plan must define clear priorities, integrate a robust decarbonization strategy within the national framework, and ensure institutional continuity irrespective of political shifts. This approach will transform current deficits into opportunities for technological innovation, enhanced energy security, and greater environmental sustainability.

payabl. Launches Click To Pay With Visa To Help Merchants Improve Checkout Conversion And Reduce Fraud

payabl. has launched Click to Pay with Visa, a new card payment experience designed to help merchants reduce checkout friction, improve authorisation rates, and deliver a faster, more secure online payment journey.

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Click to Pay replaces manual card number entry with a token-based checkout experience. Once a customer’s card is enrolled, they can complete purchases in just a few clicks, without re-entering card details. The result is a faster checkout that mirrors the ease of contactless payments in-store, while maintaining strong security standards.

For merchants, the impact is measurable. According to Visa, Click to Pay can deliver up to a 11% uplift in authorisation rates compared to manual card entry, alongside significant fraud reduction through network tokenisation. Faster checkout also helps reduce cart abandonment, particularly on mobile, where typing card details remains a major source of friction.

“With online checkout, every extra step costs conversion,” said Breno Oliveira, Chief Product Officer at payabl. “Visa Click to Pay removes one of the biggest points of friction at the moment of purchase. It helps merchants approve more legitimate transactions, reduce fraud exposure, and give customers the experience they already expect.” 

Visa Click to Pay is available through payabl. checkout, enabling merchants to activate the service without additional integration complexity. The solution works across devices and supports existing security flows, including 3D Secure where required.

“Consumers have come to expect a highly personalised, intuitive, and seamless payment experience, whether they’re buying a coffee, shopping online, or applying for a loan. Visa Click to Pay aims to meet these expectations by removing the need to manually enter card details, thus enhancing both security and the consumer experience in online card payments. With the support of network tokens, Visa Click to Pay enabled a more secure and smoother transaction process, available in many countries around the world. According to European VisaNet data, Visa Click to Pay may allow a 4.5% uplift in merchant sales, meaning a possible annual increase of €51 bn in SMB eCommerce sales in the UK and EU,” said Michael Ioannides, Country Manager, Visa Cyprus.

The launch forms part of payabl.’s broader focus on checkout optimisation, helping merchants improve conversion, approvals, and payment reliability at scale. Click to Pay with Visa is now live for eligible merchants across Europe. 

Checkout expectations are rising across Europe 

Insights from payabl.’s State of European Checkouts report underline why frictionless checkout experiences are becoming a commercial priority. The research found that consumers cite speed (46%), convenience (44%), and security (41%) as the top reasons for choosing a payment method. More than half of consumers (53%) are open to switching to newer payment methods and nearly half (48%) are open to one-click checkouts, provided the solution is backed by a trusted brand such as Visa.

“Checkout is no longer just the final step of a transaction,” said Oliveira. “It is a critical part of the overall customer experience. Our research shows that 43% of European consumers will not return to a site after a poor checkout experience. For merchants across the UK and Europe, that translates directly into lost customers and lost revenue.”

The launch forms part of payabl.’s broader focus on checkout optimisation, helping merchants improve conversion, approvals, and payment reliability at scale. Click to Pay with Visa is now live for eligible merchants across Europe.

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