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 EU must have restoration measures in place by 2030 covering at least 20% of its land and sea areas, say MEPs.
The Civil Society Development Foundation, ProPark, and the OMV Petrom Foundation launch the "Green for the Future" program. The program is dedicated to biodiversity conservation and the responsible development of local communities in protected areas. The OMV Petrom Foundation fully finances the program in the amount of €800,000 in the 2023 edition.
The European Parliament adopts new law to fight global deforestation. An area larger than the EU was lost to deforestation between 1990 and 2020, with EU consumption causing around 10% of losses. The new law is the key to the fight against climate change and biodiversity loss.
Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.
ProCredit Bank Romania has launched a CO2 Emissions Calculator to help microenterprises and small and medium-sized enterprises quantify and understand their carbon footprint. This initiative reflects the Procredit Group's commitment to achieve net-zero emissions by 2050, with client engagement at the core of its Climate Action Strategy.
DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.
DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.
