Alina Oprea
| 27 December, 2023 at 1:14 PM
Romania's Ministry of Finance launches framework for issuing green bonds
The Ministry of Finance has published the Green Bond Framework of Romania.
The Ministry of Finance has published the Green Bond Framework of Romania.
The Commission has selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund.
The European Investment Bank (EIB) and VGP Renewable Energy N.V. have signed a €150 million framework loan that will support solar panel installation on the roofs of VGP's logistics centers across the European Union.
The European Commission has approved a €1 billion Slovak scheme to support investments for the equipment production necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan.
The European Commission has opened the Innovation Fund's 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonization technologies.
The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channeled through the Innovation Fund.
ProCredit Bank has granted a loan of €3.15 million to the nextE group for the construction of a photovoltaic plant.
The European Commission has approved 171 new projects across Europe under the LIFE Programme for Environment and Climate Action, worth more than €396 million.
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
CEC Bank has signed with the European Investment Fund (EIF) a new agreement, worth €105 million, to support SMEs and small companies with medium capitalization to increase their competitiveness and transition to a green, sustainable economy, within the PNRR - The compartment for Member State Romania.
Garanti BBVA Leasing, part of the Garanti BBVA Group, has signed a new loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group, in the amount of €20 million.
Exim Banca Românească has started the transition process of the card portfolio towards a sustainable and environmentally friendly alternative.
The World Bank has supported Romania in its efforts to combat nutrient pollution for the past two decades, with over €110 million invested in local communities, says Anna Akhalkatsi, Country Manager for Romania at the World Bank.
The European Commission has approved a €2.5 billion (CZK 60 billion) Czech scheme to help manufacturing companies decarbonize their production processes and improve their energy efficiency to foster the transition to a net-zero economy, in line with the Green Deal Industrial Plan.
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
The total amount of sustainable loans granted by Raiffeisen Bank last year exceeded €500 million and the entire portfolio of green products for corporate customers reached €435 million, says Laura Mihăilă, Director of Marketing, Communication & CX at Raiffeisen Bank Romania. She talked to Green Forum about Raiffeisen Bank Romania's ESG strategy and the measures the bank is implementing to reduce the negative environmental impact.
OMV Petrom has allocated RON 1.5 million (€300,000) in 2023 to train a new generation of energy professionals.
In the coming years, Romania has at its disposal unprecedented European funds of billions of euros for the transition to an energy sector with low emissions.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
E.ON Group has issued green bonds of €1.5 billion, as pre-financing for 2024.
In 2022, the total amount allocated to sustainable lending by Raiffeisen Bank amounted to €500.5 million.
BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices.
ING Bank Romania has invested €11 million in the past 11 years in environmental actions in Romania and €1.2 million were donated in 2022 alone for vulnerable groups' support, says Alexandra Maier, Sustainability Manager at ING Bank Romania.
The European Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund.
Lidl Romania aims to contribute to the development of sustainable local agriculture by promoting organic farming and regenerative farming practices, which contribute to soil health and biodiversity conservation.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Roeslein & Associates, a leading engineering, procurement, and construction (EPC) services company, announced the opening of its new European Design Center in Krakow, Poland.
The global energy transition, projected to cost €190 trillion by 2050, could see cost reductions of nearly 25% through the use of de-risking instruments.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
