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A Grim Forecast For Cyprus: Climate Change Redefining The Region’s Future

Rising Temperatures And Shifting Seasons

Cyprus is on the precipice of dramatic climatic changes, with this summer’s anomalous November hinting at a disappearing autumn. Evidence shows that 67% of days since the start of the year through November recorded temperatures above the long‐term norm. This warming trend, driven by climate change, is expected to fuel a surge in air conditioning demand by up to 153% in the coming years. Experts warn that if current trends persist, Cyprus could resemble the climate of Cairo by mid-century.

An Unprecedented November Anomaly

Dr. Panos Hadjinikolau, from the Center for Climate and Atmosphere Research (CARE-C) at the Cyprus Institute, explains that while seasonal shifts have been noted, the reality is more nuanced: the warming is not uniform, with certain months experiencing significantly higher temperatures. Notably, measurements at the Athalassa station in Nicosia showed 219 days out of 328 (or 67%) surpassing long-term averages – a pattern unseen in the past 43 years. Specifically, November temperatures have surged up to 8°C above normal, positioning this month alongside March as one of the warmest on record during 2001-2024, compared to 1983-2000.

Forecasting A Future Of Extremes

The Cyprus Institute’s report, Climate Change And Extreme Events On The Mediterranean Island Of Cyprus: From Historical Trends To Future Projections, recently updated for the academic year 2024-2025, delineates several significant trends. Projections include:

  • A marked increase in summer days exceeding 35°C.
  • An anticipated reduction in rainfall by up to 20% by mid-to-late century relative to the early 20th century.
  • Fewer rainfall events overall, though the rarer events may become more intense.
  • A substantial rise in cooling degree days (CDD), with the need for air conditioning more than doubling from 442 to 1,116 degree days, while heating requirements are expected to halve.

Economic And Health Implications

Beyond environmental concerns, Dr. Hadjinikolau underscores the profound economic and public health consequences of this climatic shift. Increasing temperatures contribute to heat stress among citizens, potentially resulting in a surge in heat-related fatalities, as noted in various studies including those linked to mortality studies in Europe. The cascading effects extend to ecosystems, with endemic species facing existential threats.

Adaptive Strategies And Long-Term Solutions

To address these challenges, experts advocate robust defensive measures. Improving early warning systems and leveraging smart technologies in agriculture to monitor soil moisture are essential, ensuring timely responses to drought and other extreme weather phenomena. Former Meteorology Department Director, Kleanthis Nikolaidis, warns that if current conditions persist—with temperatures 1.5 to 2°C above baseline and steadily diminishing rainfall—the climate of Cyprus by 2055 could mirror that of Cairo, with persistent 40°C days extending beyond the traditional summer months.

Reimagining Water Security

Data reveals a significant decline in annual rainfall: during 1941-1970, Cyprus recorded an average cumulative rainfall of 533 millimeters, whereas the period from 1991 to 2020 saw this figure drop to around 450 millimeters—an 80-millimeter decrease which translates to almost 1 billion tons less rainfall across the island. Such drastic reductions exacerbate water scarcity, prompting calls for innovative solutions like cloud seeding to bolster rainfall, replenish reservoirs, and reduce reliance on costly desalination processes.

Conclusion: A Call For Immediate Action

Cyprus stands at a critical junction. The intersection of escalating temperatures, reduced rainfall, and the resulting economic and health impacts underscores the urgent need for adaptive strategies. As policymakers and industry leaders mobilize to confront these challenges, the imperative remains clear: proactive measures today are essential to securing a sustainable, resilient future for Cyprus.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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