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%.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Europe's energy landscape stands at a transformative crossroads, as hybrid solar technology emerges as a powerful solution, capable of significantly enhancing the efficiency, reliability, and affordability of renewable energy systems.
R.Power Group, one of Europe's leading renewable energy companies, has secured a €12.4 million project finance agreement with Bank Gospodarstwa Krajowego (the Polish National Development Bank).
Centrul Agro Transilvania S.A., a public company overseen by the Cluj County Council, has launched construction of a photovoltaic park within the market complex.
The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.
