Reducing our oil dependence is the best investment in the prosperity of Cyprus

By Theodoros Zachariadis, professor at the Cyprus Institute

Imagine that meat prices rise by 30 per cent, whether due to foot-and-mouth disease or energy costs. This creates serious inflationary pressures throughout the economy. If you are a vegetarian, how much does this affect your cost of living? Not at all!

Suppose your electricity bill goes up by 20 per cent due to higher oil prices, and instead of 300 euros every two months, you end up paying 360. But if you have solar...