Author: sinka

On Tuesday, 22nd September 2020, at the virtual UN General Assembly in New York, China – the world’s biggest producer of greenhouse gases – announced that it will cut its carbon dioxide emissions to nearly zero by 2060 (https://www.ft.com/content/730e4f7d-3df0-45e4-91a5-db4b3571f353?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8) (https://www.ft.com/content/93a15a83-08e8-4293-a12d-e4235edec7ea?emailId=5f6d7178c86f250004776fc7&segmentId=22011ee7-896a-8c4c-22a0-7603348b7f22). This new target will require a radical...

On Thursday, 10th September 2020, the European Parliament’s Environment Committee voted in favour of significantly increasing the bloc’s 2030 climate target – EU Climate Law – an integral part of the EU Green Deal, for Europe’s economy and society to become climate-neutral by 2050 (https://www.reuters.com/article/climate-change-eu-law/update-2-eu-parliaments-environment-committee-backs-60-emissions-cut-by-2030-idUSL8N2G74SX). Specifically, the...

Cyprus has started to provide assistance to the government and people of Lebanon - including search and rescue team, medical assistance and equipment, humanitarian aid and supplies - following the two explosions which shook Lebanon at Beirut’s port, on Tuesday, 4th August 2020 (https://www.stockwatch.com.cy/en/article/genika/cyprus-president-expresses-condolences-lebanon). The President of Lebanon,...

Environmental, Social and Governance (ESG) – a set of standards for a company’s operations that socially conscious investors use to screen potential investments - which takes into account the integration of environmental, social and governance factors, is paving the way forward (https://www.forbes.com/sites/georgkell/2018/07/11/the-remarkable-rise-of-esg/#63453f3d1695) (https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp). The above statement...

It was announced by the Government of the Republic of Cyprus on Tuesday, 21st July 2020, that Cyprus would receive over EUR 2.7 billion from the European Council deal on the Multiannual Financial Framework (MFF) 2021 - 2027 and the post-pandemic Recovery Fund (https://in-cyprus.philenews.com/president-welcomes-eu-recovery-fund-deal-cyprus-to-get-over-e2-7b/). Specifically, Cyprus would...

On Tuesday, 14th July 2020, Moderna American Biotech Company announced that it will begin human trials on 27th July, which is the third phase of the experimental coronavirus vaccine, (https://www.modernatx.com/modernas-work-potential-vaccine-against-covid-19?utm_source=homepage&utm_medium=slider&utm_campaign=covid) (https://www.inventiva.co.in/trends/tamanna/covid-19-vaccine-us-based-moderna-companys-covid-19-vaccine-showed-effective-results-and-ready-to-enter-phase-3-trials-on-july-27/). The above announcement followed the promising immune response against the virus that also appeared safe in the...

On the 8th July 2020, the European Commission introduced its hydrogen strategy and launched the European Clean Hydrogen Alliance to help deliver it (https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1259). It should be noted that hydrogen is essential to supporting the EU’s commitment to reach carbon neutrality by 2050 and for the global...

On Wednesday, 24th June 2020, the decisions of the President of the Republic of Cyprus, Mr. Nicos Anastasiades, were announced in relation to the Cabinet reshuffle, giving the government new impetus to decision-making in facing these challenging times, amidst the coronavirus crisis (https://www.stockwatch.com.cy/en/article/prosopa/president-reshuffles-cabinet). Amongst the new appointments,...