Tag: REPowerEU (12 articles)

Real estate   |   18 May, 2023 at 8:30 AM

Romania must invest in the rehabilitation of buildings to reduce energy poverty

Romania must invest in the rehabilitation of buildings and heating systems to reduce energy poverty, through REPowerEU, according to the Romanian Energy Poverty Observatory (ORSE) experts. The essence of the REPowerEU investments and reforms package is to reduce energy poverty and the effects of the crisis at the level of the European Union. Measures such as improving the insulation of buildings inhabited by vulnerable consumers and replacing their heating and cooling systems with modern types of equipment are the most effective way to tackle energy poverty.

Energy   |   20 March, 2023 at 8:23 AM

Romania secures €1.4 billion for energy independence

The Ministry of Investments and European Projects launches the REPowerEU chapter in public consultation, which will bring Romania €1.4 billion for energy independence. The amount will be used for strategic investments in the key area of energy security, which will allow the creation of clean energy production and storage ecosystems (hydropower, photovoltaics). The set of proposed measures will have a positive impact in supporting the acceleration of Europe's clean energy transition.

Regulation   |   12 March, 2023 at 9:31 AM

EU agrees on stronger rules to boost energy efficiency

The European Parliament and the European Council reached a new agreement on reforming and consolidating the EU Directive on energy efficiency. The agreement sets an EU energy efficiency target of 11.7% for 2030 and requires EU member states to collectively ensure a further reduction in final and primary energy consumption.

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EU leads the way in green finance

The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.