Finance | 14 June, 2024 at 9:00 AM
EBRD lends €32 million for construction wind farm in Romania
EBRD will lend €32 million, as part of a €291 million financing package, to build and operate a 192 MW onshore wind farm in Romania.
EBRD will lend €32 million, as part of a €291 million financing package, to build and operate a 192 MW onshore wind farm in Romania.
The European Commission adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025.
The European Parliament votes to reduce member states' emissions by 40%. All EU countries must reduce emissions by 2030 compared to 2005. Reduction targets for each member state are based on GDP per capita and cost-effectiveness.
The European Parliament adopts a new carbon sink goal that increases the EU 2030 climate ambition. The new law raises the EU carbon sink target for the land use and forestry sector, which should reduce greenhouse gases in the EU in 2030 by up to 57% compared to 1990.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
Hidroelectrica has selected Waldevar Energy to implement the Nufărul Project, a pioneering renewable energy initiative set to become the largest floating photovoltaic (FPV) system installed on a hydroelectric dam in Europe.
