Abstract
Despite various government policies promoting energy efficiency in buildings over the last 15 years, Cyprus is still associated with a large untapped energy efficiency potential in this sector. The impact of different policy scenarios on future energy needs of the building sector in Cyprus is explored by first reviewing the current status of the building stock in Cyprus and existing national landscape of energy efficiency policies. Various new policies are then proposed to complement the existing framework and help exploit further the potential. Using the Invert/EE-Lab model, three policy scenarios extending to 2050 are assessed with the aim to estimate the energy efficiency potential of the Cypriot building sector and identify policy solutions to harness this potential. The energy consumed for heating, cooling, hot water, and lighting in the entire Cypriot building stock is expected to drop by up to 16% in 2050 compared to the baseline scenario. Under the most ambitious scenario, nearly 60% of the building stock in 2050 will be energy efficient, consuming less than half of the energy used by the average building stock in 2012. Taking into account the modelling results, recommendations on how to improve the financial landscape in buildings until 2050 are presented.
Highlights
With its energy dependence amounting to 97.7% in 2015, Cyprus ranks among the most energy dependent EU Member States
This paper aims to explore the impact of different policy scenarios on the future energy needs of the building sector in Cyprus
The incorporation of mandatory energy performance requirements during the design or renovation phase of a building has been a key driver for the uptake of energy efficiency measures in the Cypriot building stock
Summary
With its energy dependence amounting to 97.7% in 2015, Cyprus ranks among the most energy dependent EU Member States. While the share of renewable energy in gross final energy consumption experienced a three-fold increase over the past 10 years in Cyprus (from 3% in 2004 to 9% in 2015), its energy needs have displayed a rising trend (Figure 1). 2014—largely attributed to the impact of the financial crisis on the real economy as well as energy crisis that hit Cyprus after the destruction of its second-largest power station—the energy consumption of the country has been on an upward trend and is expected to continue to do so under the latest baseline and energy efficiency scenario projections (Figure 1). The building sector, which accounted for 32% of the total final energy consumption in Cyprus in 2015, is associated with a significant energy savings potential and tapping into this potential requires addressing both new and existing buildings.
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