Key Market Indicators
By 2028, Cyprus is projected to see its greenhouse gas emissions drop to approximately 5.5 million metric tons, down from around 5.7 million metric tons in 2023. This represents an average annual decline of 0.5%. Since 1976, Cyprus has experienced an average yearly reduction in emissions of 2.2%. In the global ranking of greenhouse gas emitters for 2023, Cyprus was positioned at number 30. Armenia, with emissions also at about 5.7 million metric tons, edged out Cyprus for the 29th spot. Leading the ranking were Malaysia, Poland, and Kazakhstan, holding the second, third, and fourth positions, respectively.
