The EP adopts key laws to achieve the 2030 climate goal. Free allowances under the Emissions Trading Scheme (ETS) will be phased out in 2026. GHG emissions in the ETS sectors must be cut by 62% by 2030 compared to 2005 levels.
Globalworth analyzed its performance over 3 years and set its environmental target of reducing its GHG emissions intensity by 40% by 2030 compared to its baseline 2019 levels. About 90% of the group's commercial properties are green-certified and about 98% of the energy used in the portfolio came from renewable sources at the end of 2022.
The European Commission has approved, under EU State aid rules, a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive companies