Environment | 22 August, 2023 at 1:05 PM
Forest owners receive compensation for uncut wood
The European Commission approves a €200 million Romanian scheme aimed at compensating forest owners for logging restrictions.
The European Commission approves a €200 million Romanian scheme aimed at compensating forest owners for logging restrictions.
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.
In the first quarter of 2023, greenhouse gas emissions generated by the economy of the European Union totaled 941 million tons of CO2 equivalent, a decrease of 2.9% compared to the same period in 2022 (969 million tons of CO2 equivalent), shows data published by the European Statistical Office (Eurostat).
The European Commission has approved a €6.5 billion German scheme to partially compensate energy-intensive companies to address the risk of carbon leakage from higher fuel prices resulting from the German fuel emission trading system (German fuel ETS).
The European Commission has approved a €2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy.
EIB to finance climate action projects in Chile with more than €300 million including its first green mortgage loan outside Europe.
The EU and Uruguay have decided to step up their cooperation in pursuing the clean energy transition.
EU and Argentina step up cooperation on clean energy transition and energy security.
The European Commission calls on Czechia and Slovakia to update their national law to limit air pollution from medium combustion plants.
The European Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund.
The EU must have restoration measures in place by 2030 covering at least 20% of its land and sea areas, say MEPs.
EIB to support Green Deal Industrial Plan with €45 billion in additional financing.
The European Commission is today proposing measures to make freight transport more efficient and more sustainable, by improving rail infrastructure management, offering stronger incentives for low-emission lorries, and better information on freight transport greenhouse gas emissions.
The European Commission is proposing rules to make producers responsible for the full lifecycle of textile products and to support the sustainable management of textile waste across the EU.
The European Commission adopted measures for the sustainable use of key natural resources, strengthening the resilience of EU food systems and farming.
The European Commission announced 18 new projects which will receive over €106 million to contribute to the EU Mission ”Restore our Ocean and Waters”.
By 2060, global rivers, seas, and oceans could be polluted with 44 million tonnes of plastic, double the current level, estimates a recent report by The Organization for Economic Cooperation and Development (OECD). Plastic is among the packaging most often used by Romanians, but its recycling rate in Romania is only 30.05%, according to the data analyzed by Clean Recycle.
The European Commission has approved, under EU State aid rules, a €280 million Belgian measure to support ArcelorMittal Belgium in partially decarbonizing its steel production processes. The measure will contribute to the achievement of the EU Hydrogen Strategy, the European Green Deal, and the Green Deal Industrial Plan targets while helping to end dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan.
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors that are key to accelerating the green transition and reducing fuel dependencies in the context of Russia's war against Ukraine.
The ambassadors of the EU member states reached an agreement on the expansion of renewable energy until 2030. France obtained assurances that nuclear energy will have a more important role in the energy transition and thus gave up its last opposition moment.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Polski Holding Nieruchomości (PHN) has secured €8 million in preferential financing from the National Fund for Environmental Protection and Water Management for an 18 MW photovoltaic (PV) installation.
Romania's prosumer sector is booming, with installed capacity reaching 2.44 GW at the end of January—an impressive 63% increase compared to the same time last year.
Polish firm Węglokoks has secured €11.63 million in funding to develop a photovoltaic (PV) farm and an energy storage facility.
The Polish government has submitted to parliament a long-awaited draft amendment to the legislation governing onshore wind farm investments.
