PRESENTED BY

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A PROJECT ENDORSED BY

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PLATINUM SPONSORS

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GOLD SPONSORS

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SILVER SPONSORS

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ENERGY PARTNERS

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SUPPORTERS

On the path to a climate - neutral Europe by 2050
“Frontrunners from the financial, government and
business sectors discuss and decide on the common future”

The Green Deal
​
“Climate change is the biggest challenge of our times. And it is an opportunity to build a new economic model.”
The European Green Deal set the blueprint for this transformational change.
A change which will bring with it many benefits, from creating new opportunities for innovation, investment, and green jobs, to improving our health and wellbeing.
All 27 EU Member States committed to turning the EU into the first climate neutral continent by 2050.
​To get there, they pledged to reduce emissions by at least 55% by 2030, compared to 1990 levels.

The EU now has legally binding climate targets covering all key sectors of the economy.
The overall package includes:
● emissions reduction targets across a broad range of sectors
● a target to boost natural carbon sinks
● an updated emissions trading system to cap emissions, put a price on pollution
● and generate investments in the green transition
● ​and social support for citizens and small businesses

The Risks

Climate change and nature degradation pose risks to our social, financial and infrastructure sector. We need to assess how these risks and the transition to a carbon-neutral society affect present life, so that we can account for their impact on work as governments, banks, and enterprises. This will help us to keep the business environment stable and safe.
We must work to better understand, monitor and manage climate related risks in the financial system and explore the relationship between climate, nature and the economy.
We must support an orderly transition to a carbon-neutral economy by promoting the development of sustainable finance and creating incentives for a greener financial system.

Cyprus Environmental Implementation Review 2022,
​ European Commission Executive Summary

“There has been some progress on waste management, through the implementation of the 2015-2021 municipal waste management strategy. The updated
national waste management plan, in line with the requirements of the revised Waste Framework Directive, is still pending. The illegal landfills in Limassol and
Nicosia have closed and their rehabilitation is ongoing. Waste generation is significantly above the EU average, while the recycling rate has not improved since the last report.
Cyprus makes very limited use of economic instruments in this area.
Cyprus needs to make a significant effort to set up an adequate network of facilities that would effectively manage all of its waste in line with the waste
hierarchy if it is to reach the recycling targets for 2020 and beyond.
According to the Commission’s 2018 ‘early warning report’, Cyprus is at risk of not meeting the 2020 municipal waste recycling target of 50%.
On nature protection, there are still insufficiencies in designation.
Therefore, Cyprus has still to complete its Natura 2000 Network, in particular the marine part…”

The topics of discussion

● Integrating sustainability throughout the business.

● Build a resilient roadmap to accelerate the transition.

● Strengthen strategic alliances between finance and sustainability.

● Shaping future strategy and investments through sustainability data. 

● Mobilising capital to unlock green growth.

● Drive confidence in infrastructure and investment.

● Systemic change towards a net positive future.

● Innovation as a driver of the transition.
​
​● Farm to Fork, the way forward.