Significant decrease in energy intensity in Cyprus, according to Eurostat

Change in energy intensity of gross value added in Cyprus stood at -23.2% over the period 2014-2023, according to data published today by the European Statistical Office (Eurostat).

According to the data, in 2023 the EU economy’s net domestic energy use amounted to 56.1 million terajoules, marking a decrease of 4.1% compared with 2022. Businesses and governments consumed 72.3% of the energy for production activities, while the remaining 27.7% was consumed directly by households.

In terms of economic activities, manufacturing accounted for the largest share of net domestic energy use, with 14.3 million terajoules or 25.5% of the total. It was followed by electricity, gas, steam and air conditioning supply with 10.1 million terajoules (17.9%) and transport and storage with 6.9 million terajoules (12.3%).

Compared with 2022, electricity, gas, steam and air conditioning supply recorded the sharpest decrease in energy use (-8.7%), followed by manufacturing (-5.5%). By contrast, transport and storage was the only economic activity to register an increase in energy use in 2023, rising by 8.1%.

Regarding the period 2014-2023, the picture across the EU in terms of energy efficiency in production activities was mixed. The largest declines in the energy intensity of gross value added were recorded in Estonia (-43.1%), Ireland (-42.8%) and the Netherlands (-37.2%). An increase was observed only in Malta (+22.9%) and Lithuania (+9.3%).

Leave a Reply

Your email address will not be published. Required fields are marked *