Environment
ECB: EU needs €558 billion for 2030 climate goals
ECB has warned that the EU risks missing its 2030 climate targets unless it increases investment in the green economy by an estimated €558 billion annually.
Between December 2023 and November 2024, a total of 2.68 billion "SGR" packaging units were processed at recycling stations.
EU countries have updated their goals for the deployment of offshore renewable energy up to 2050 in each of the EU's 5 sea basins, with intermediate objectives to be achieved by 2030 and 2040.
Investment firm Mezzanine Partner has introduced the €100 million Energy Adria Fund, Croatia's first energy fund classified as "dark green".
In the second quarter of 2024, the EU economy greenhouse gas emissions were estimated at 790 million tonnes of CO2-equivalents (CO2-eq).
The European Commission has given the green light to a €790 million state aid package for Romania.
The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, helping to put cutting-edge clean technologies into action across Europe.
The European Commission published additional guidance for the implementation of the EU Deforestation Regulation.
RetuRO inaugurated today in Ariceștii Rahtivani, Prahova County, the seventh regional center for counting and sorting DRS packaging.
Strabag announced its initiative to achieve climate neutrality by 2040 throughout the entire value chain, embracing digital, innovative, and eco-friendly solutions.
European citizens support the energy policy pursued by the EU in the last five years.
Multilateral Development Banks (MDBs) announced that their global climate finance reached a record high of €118 billion in 2023, a significant increase compared to 2019 levels.
In the context of the floods that have impacted Romania, the Raiffeisen Bank team has extended its support to civil society.
In July, 763 million packages were placed on the market, and the collection rate was 62%.
RetuRO, the administrator of the Deposit Return System, the largest circular economy project, has opened the sixth regional center for counting and sorting DRS packaging in Almăj, Dolj County, near Craiova.
In the first quarter of 2024, the EU economy's greenhouse gas emissions were estimated at 894 million tonnes of CO2-equivalents.
DS Smith has partnered with Versuni, a leading home appliance company, to create an innovative fiber-based packaging solution for the Philips Baristina coffee machine.
Environment Minister of Romania Mircea Fechet announced that one billion packages have been collected through the Deposit Return System.
Kaufland Romania reduced its carbon footprint by 3,418 tons in 2023 by utilizing Euro Pool System (EPS) reusable collapsible crates.
The European Commission has decided to initiate infringement proceedings by sending letters of formal notice to the 27 EU member states for failing to meet waste collection and recycling targets.
Consumers returned 350 million DRS packaging in June, 41% more than in May. The collection rate was 50% in June.
The report urgently calls for an institutional response to ensure an equitable transition and proposes metrics to increase transparency on equity implications.
It would cause more harm than good, violate national and EU laws, and undermine Romania's international commitments to halt natural destruction.
European Commission launched the #WaterWiseEU campaign to create a water-resilient Europe by 2050.
In 2022, environmental tax revenue in the EU amounted to €317.2 billion, representing 2.0% of the EU's gross domestic product (GDP).
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
Ensys Group, a key player in Romania's photovoltaic systems sector, is set to launch a green hydrogen production plant in Bihor County.
ArcelorMittal Poland, a subsidiary of the global steel giant ArcelorMittal, has begun commissioning new hydrogen furnaces in its annealing shop in Krakow.
The Romanian Ministry of Energy is set to allocate an additional €150 million for electricity storage batteries.
Amazon has added 100 new renewable energy projects, bringing its total capacity to over 33 gigawatts, solidifying its position as the largest corporate buyer of renewable energy.
