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The present document aims to record the main actions that Cyprus needs to carry out in order to draw up a comprehensive long–term sustainable energy strategy for its transition from carbon economy to hydrogen economy. It provides a brief description of the European sustainable energy strategy up to 2050, with reference to the basic principles for the trading of greenhouse gas emissions. It also offers a discussion on the cost of renewable energy sources with regard to the energy transition anddoi:10.31219/osf.io/js5hu fatcat:cyefg2dbfnfwnbvsyqxuyuwjtu