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.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
