Cyprus Mail
Business Cyprus

Green tax could help bring down unemployment, academic says

By Andria Kades

The introduction of a carbon tax could help Cyprus reduce unemployment and offer its economy a boost, if labour tax was simultaneously reduced, an academic economist said.

“It is possible to switch Cyprus to a low-carbon economy in the medium to long term, in line with the broad European Union sustainability strategy, thereby promoting employment and economic growth while at the same time achieving significant environmental improvements,” Theodoros Zachariades, deputy lecturer at the department of environmental science and technology of the Cyprus University of Technology, and academic advisor of the University of Cyprus’s economic research centre, said.

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