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Cyprus Develops First AI-Powered Tree Carbon Inventory

Researchers at The Cyprus Institute have developed the country’s first nationwide tree-level inventory of biomass and carbon storage, providing a new tool to help monitor forests, assess wildfire damage and support climate adaptation.

Combining artificial intelligence with field data collected by the Cyprus Department of Forests, the project enables scientists to track changes in tree biomass and carbon stocks over time with far greater accuracy than previous methods. The inventory is expected to support evidence-based forest management, post-fire restoration and long-term environmental planning.

Looking Beyond Forests

One of the study’s key findings is that nearly one-third of Cyprus’ tree cover is located outside traditional forest areas. The inventory identified Athalassa National Forest Park in Aglantzia as an example of how urban green spaces can make a significant contribution to carbon storage and biodiversity.

The findings highlight the role of individual trees and urban vegetation in strengthening climate resilience, particularly in densely populated areas.

Measuring The Impact Of Wildfires

The research also illustrates the growing impact of climate-related pressures on Cyprus’ forests. Since 2014, wildfires have affected more than 360,000 trees, resulting in the loss of over 300,000 tonnes of biomass and around 140,000 tonnes of stored carbon.

According to the researchers, the new inventory captures losses that were previously difficult to quantify, particularly those caused by smaller or isolated wildfires.

Supporting Climate Policy

Beyond documenting current conditions, the inventory establishes a framework for continuously monitoring Cyprus’ forests and tree resources. The data can help evaluate restoration projects, measure the effects of drought and wildfires, and support future climate and environmental policies.

Anna Zenonos, a Graduate Research Fellow at the Climate and Atmosphere Research Centre (CARE-C) and the study’s lead author, said the new methodology makes it possible to monitor Cyprus’ trees with a level of detail that was previously unavailable. She added that reliable environmental data is becoming increasingly important as droughts and wildfires continue to intensify across the Eastern Mediterranean.

Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.

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