Business | 6 March, 2025 at 2:00 PM
Romania navigates 2025 financing with discipline and sustainability
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Strabag announced its initiative to achieve climate neutrality by 2040 throughout the entire value chain, embracing digital, innovative, and eco-friendly solutions.
The European Commission has approved the fourth Important Project of Common European Interest (IPCEI) under EU State aid rules to support research within the hydrogen value chain.
The European Commission has set out immediate actions to support the European wind power industry.
Romania will assume climate neutrality in the time horizon of 2050, says Ionuţ-Sorin Banciu, state secretary in the Ministry of Environment, Water and Forests (MMAP).
The production of green energy must increase eight times, to achieve global climate neutrality by 2050, according to a PwC analysis.
The Council adopted new rules to reduce final energy consumption at the EU level by 11.7% in 2030.
The European Commission announced 18 new projects which will receive over €106 million to contribute to the EU Mission ”Restore our Ocean and Waters”.
Between August 2022 and January 2023, Romania is managing to reduce fossil gas consumption by approximately 25%, according to a report published by CEE Bankwatch Network. According to the report, Romania allocates four times more European funds for fossil gas, despite the climate objectives. Between 2014 and 2020, fossil gas-based projects in Romania and Poland benefited from €230 million and €1.3 billion respectively from European funds.
MEPs back plans for a climate-neutral building sector by 2050. Buildings account for 36% of greenhouse-gas emissions. New buildings to be zero-emission from 2028. Member states will establish the measures needed to achieve these targets in their national renovation plans.
Existing buildings in the European Union should be converted into zero-emission buildings by 2050 and all new buildings should be zero-emission from 2028.
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.
