The volume of clothing purchases has doubled in the last 15 years, and this has taken its toll on the environment, as clothing production is highly polluting.
78 million tons of clothes become waste every year, with serious consequences for the environment. Clothing production has doubled in recent years due to overconsumption. We throw away an average of 11 kg of clothes annually, after only 7 wears. Humana People to People representatives draw attention to the negative impact that the overconsumption of such products has on the environment and, ultimately, on people's health.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
