With Cyprus shortly undertaking Presidency of the Council of the EU (January 2026) and identifying high on the agenda sustainability topics, EY Academy of Learning and Development organised a session on Sustainability and Green Taxes: expected impact on businesses worldwide.
The purpose of this session was to inform businesses on how local and international entities will be affected by EU fiscal levies and compliance requirements as interlinked with ESG and sustainability.
During the mini-conference, reference was made on the aftermath of COP(28) and the Davos January 2024 Economic Forum. Emphasis given on the neutrality of environmental measures and what are the next steps in relation to Article 6 (Paris Agreement) in particular carbon credits and how Cyprus can benefit from such initiatives.
In addition to the EU framework under implementation, brief evaluation was carried out on upcoming introduction of local taxes aiming to achieve the objectives of the European Green Deal. Practical considerations were touched inclusive preparation need for further accounting, reporting and advance planning.
Apart from EY Cyprus specialist speakers, interventions were made by:
· Ms Marilena Raouna, Deputy Minister of European Affairs, Republic of Cyprus
· Mr Shawn Maher, EY Global Vice Chair, Public Policy, Obama Administration Senior Advisor
· Ms Kasia Klaczynska Lewis, Partner EY Poland, EU Green Deal
Session Highlights:
Sustainability hot topics
- CSRD - The new reporting frontier
- Sustainable finance
EU Sustainability Policy passes from Cyprus
- Cyprus shaping EU policy via its sustainability priorities
- Environmental Expectations – Milestones during Cyprus Presidency of the Council of the EU
- Recent Lessons from COP28 and Davos World Economic Forum
- Generating Carbon Credits via Cyprus – Article 6 Paris Agreement readiness?
EU Tax Policy Tools affecting global trade
- EU Emissions Trading System (ETS) Overview
- EU ETS Maritime Saga: From law to Shipping implementation
- EU ETS 2 Next Game: Road Transport and Buildings
- Carbon Border Adjustment Mechanism: Obstacle to imports from non-EU?
Cyprus Tax Reform: initially green coloured
- Domestic carbon taxation loading
- Tourism and Circular Economy Taxation
- Water Taxes Necessity
- Tax Mitigation Measures & Incentives to facilitate neutrality
Duration: 4 Hours course
Date: Video on Demand
Language: English
Registration Fee: 130 Euro
CPD Units: 4 CPD Units - Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Presenters:
Panos Choutris, Senior Manager | FAAS
Stavros Violaris, Partner | Sustainability Services Leader
Simos Simou, Senior Manager | Indirect Tax Controversy
Constantina Charalambidou, Senior Manager | FAAS
Click here for a video teaser
Click Here to Register to Sustainability & Green Tax Seminar