Environment | 18 December, 2023 at 1:45 PM
Cost of climate change for Greece is estimated at €2 billion per year
Τhe cost of climate change for Greece by the end of the century is estimated at €2 billion per year.
Τhe cost of climate change for Greece by the end of the century is estimated at €2 billion per year.
Romania has signed the accession to the International Solar Alliance (ISA), a strong commitment of the Romanian government to support and promote solar energy as the main source of clean and sustainable energy.
In 2022, the total amount allocated to sustainable lending by Raiffeisen Bank amounted to €500.5 million.
On International Climate Emergency Day (22 July), the Climate Change Summit (CCS), the largest event in Central and Eastern Europe dedicated to addressing the challenges of climate change, presented the carbon footprint report of its first edition in 2022.
The EU must have restoration measures in place by 2030 covering at least 20% of its land and sea areas, say MEPs.
For net zero emissions in 2030, it is necessary to double the progress in energy efficiency. The International Energy Agency has brought together world leaders in the field of energy and climate change in France for a major discussion on energy efficiency. A new IEA analysis shows that the world needs to double progress on energy efficiency by 2030 as part of efforts to improve energy security and affordability while maintaining the goal of limiting global warming to 1.5°C.
BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.
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.
The company Eco Partnersheep Insulation SRL, belonging to investors from Olt county, will invest over RON182 million (€36.4 million) in the largest wool processing factory in Europe. This will produce sound- and thermal-insulating wool products and will contribute to reducing the negative effects of climate change.
Glovo launches the Impact Fund, an initiative to support sustainability projects. The company will allocate a small amount from each order to the new fund. Glovo estimates that this year up to €5 million will be allocated from the Impact Fund to support projects that aim to support local communities, actions against climate change, digitization of small local businesses, reducing the gender disparity in the field of technology, and development of educational programs for couriers.
Romanian businesses perceive climate change and access to finance as threats to their businesses, an EIB investment survey shows. 69% of the surveyed Romanian companies say that climate change has a negative impact. Also, a third of Romanian companies have invested in improving energy efficiency in the last year, close to the EU average of 40%.
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.
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.
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.
