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Cyprus Securities Exchange To Initiate Monetary Settlement For Electricity Market Transactions

by THEFUTURE.TEAM
October 8, 2025

Overview

Effective October 2, 2025, the Cyprus Securities Exchange (CSX) will commence the monetary settlement of transactions arising from clearings in the Competitive Electricity Market via the Target system. This strategic move marks a significant step forward in the integration of energy and financial markets in Cyprus.

Strategic Partnerships and Technological Advancements

In a formal announcement, CSX detailed its role as the designated settlement entity for the Cyprus Transfer System Operator (TSO). Under a structured agreement, CSX will manage monetary settlement services as well as risk management for transactions generated in the market. The exchange has collaborated closely with the TSO and other key market participants to implement the necessary legal and technical modifications across its settlement and risk management systems.

Guarantee Collection and Market Preparedness

Reflecting its commitment to operational excellence, CSX has already computed and collected the mandatory guarantees from market participants, effective from September 30, 2025, thereby securing a sound operational foundation prior to the market launch. This proactive measure underscores a broader effort to fortify the market and instill investor confidence in its infrastructure.

Proven Track Record in the Energy Sector

For several years, CSX has played an integral role in the energy sector. Notably, it facilitates transactions for the Republic of Cyprus as the auctioneer for Greenhouse Gas Emission Rights and supports the trading of specially structured green bonds. Moreover, CSX holds a 10% stake in the Athens Stock Exchange’s Energy Group, further solidifying its influential presence in the regional energy markets.

Conclusion

The successful preparation and implementation of these initiatives are a testament to CSX’s forward-thinking approach and robust collaboration with industry stakeholders. This development is poised to enhance market efficiency and pave the way for future innovations at the intersection of energy and finance.

EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM
November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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