Finance | 14 November, 2023 at 9:42 AM
IFC Partners with Raiffeisen Bank to boost sustainable growth in Romania
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
The European Parliament adopts a new carbon sink goal that increases the EU 2030 climate ambition. The new law raises the EU carbon sink target for the land use and forestry sector, which should reduce greenhouse gases in the EU in 2030 by up to 57% compared to 1990.
EU to invest over €116 million in nature, environment, and climate Strategic Projects so that in Belgium, Estonia, Spain, Italy, Poland, Slovakia, and Finland reach their climate and environmental targets. These eight major projects in seven Member States will help Europe become the world's first climate-neutral continent by 2050 and will enable entire countries and regions to successfully reduce emissions, restore nature, and ensure sustainable use of resources.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Polski Holding Nieruchomości (PHN) has secured €8 million in preferential financing from the National Fund for Environmental Protection and Water Management for an 18 MW photovoltaic (PV) installation.
Romania's prosumer sector is booming, with installed capacity reaching 2.44 GW at the end of January—an impressive 63% increase compared to the same time last year.
Polish firm Węglokoks has secured €11.63 million in funding to develop a photovoltaic (PV) farm and an energy storage facility.
The Polish government has submitted to parliament a long-awaited draft amendment to the legislation governing onshore wind farm investments.
