The European Commission has approved 171 new projects across Europe under the LIFE Programme for Environment and Climate Action, worth more than €396 million.
Ten European cities were awarded the Label of the EU Mission for Climate-Neutral and Smart Cities, one of the EU Missions in Horizon Europe.
In the coming years, Romania has at its disposal unprecedented European funds of billions of euros for the transition to an energy sector with low emissions.
2022 global economic losses from natural disasters have reached $313 billion. Romania is in second place in Europe, after Spain, in terms of forest fires. AON, one of the global leaders in the insurance broker market, announces the results of the worldwide study "Weather, Climate and Catastrophe Insight,” which measures how these elements have changed and influenced society, the economy, and the insurance system.
The EU and Norway have established a Green Alliance to strengthen their joint climate action, environmental protection efforts, and cooperation on the clean energy and industrial transition. Both sides reiterate their commitment to their respective 2030 targets of at least 55% greenhouse gas emission reductions compared to 1990, and to achieving climate neutrality at the latest by 2050.
Earth Day is celebrated every year on April 22. On this occasion, Google presents the popular searches of Romanians, related to climate change and environmental protection. Thus, climate changes and their effects on the environment, solar energy, recycling, or electric bicycles were among Romanians' searches on Google.
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.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
