Last year's emissions under the EU's Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005.
As global decarbonization influences ESG priorities, sustainable development strategies undergo significant shifts worldwide in 2024.
The E.ON Group has announced that it is issuing green bonds of €1.5 billion, in the first days of 2024.
Nuclearelectrica has joined The Net Zero Nuclear Industry Pledge, launched at COP28 – UN Climate Change Conference, in an event held in Dubai, United Arab Emirates.
Schneider Electric has announced that after entering into exclusive negotiations with Atos Group on July 3, 2023, it has finalized the acquisition of EcoAct SAS, a company that offers climate consulting and net zero solutions headquartered in Paris, France.
The European Commission has approved a €2.5 billion (CZK 60 billion) Czech scheme to help manufacturing companies decarbonize their production processes and improve their energy efficiency to foster the transition to a net-zero economy, in line with the Green Deal Industrial Plan.
Schneider Electric has introduced Zeigo Activate, a new subscription-based software as a service (SaaS) solution for Channel Partners, designed to help them accelerate climate action.
Massive changes in sustainable development foresee the beginning of a new era in history: the Decarbonisation Era, according to BuildGreen, an ESG and sustainability consultancy company in Central and Eastern Europe.
Poland and Japan have signed an MoU which will deepen hydrogen cooperation between the two countries. The agreement aims to deepen bilateral cooperation in the production of renewable, low-emission hydrogen and the development of a “sustainable and affordable” hydrogen supply chain in the areas of energy, transport, heating, and industry.
Greece and Egypt are discussing a partnership through which the import of electricity obtained from renewable sources in Europe will be carried out through the GREGY project. GREGY will enable the supply of 3,000 MW of green energy from Egypt to Greece. The project received a vote of confidence from the governments of the countries involved.
Romania is among the most vulnerable countries in the region to the risks related to the transition to a green economy, in the context where investments in decarbonization are expected to put additional pressure on public finances. According to the global rating agency Fitch Ratings, the cost impact of the decarbonization transition on sovereign ratings in the region appears to be manageable.
G7 ministers finish two days of meetings on Japan's climate, energy, and environmental policy. The G7 countries set the urgent need to reduce global GHG emissions by around 43 percent by 2030. The members pledged to increase offshore wind capacity by 150 GW by 2030 collectively and solar capacity to more than 1TW.
The Ministry of Investments and European Projects launches the REPowerEU chapter in public consultation, which will bring Romania €1.4 billion for energy independence. The amount will be used for strategic investments in the key area of energy security, which will allow the creation of clean energy production and storage ecosystems (hydropower, photovoltaics). The set of proposed measures will have a positive impact in supporting the acceleration of Europe's clean energy transition.
Holcim Romania adopts an integrated decarbonization model and launches ECOPlanet PLUS, coated additive cement, with 30% fewer CO2 emissions. 7% of global CO2 emissions are generated by the cement industry. In more than 25 years of activity in Romania, Holcim has already reduced its net CO2 emissions by more than 25% and increased its energy efficiency by 25%.
Europe is looking for the magic solution for decarbonization, simultaneously with ensuring energy security, although the year started with a strong feeling of optimism for the energy sector at the global level, says Radu Puiu, Financial Analyst at the brokerage house on international exchanges XTB Romania. Amid recent negative factors, many countries have had to resort to fossil fuels and delay the transition to green energy.
Achieving climate neutrality will unlock significant opportunities for development, economic growth, and technological innovation.
PPD Global, a leading distributor of premium beverages in Romania, has invested €500,000 to equip its Bucharest logistics center with modern photovoltaic panels, totaling 405 kWp of installed power.
ENGIE Romania has expanded its renewable energy portfolio by completing its first hybrid plant, combining wind and solar power, with a total installed capacity of 57 MW.
Restart Energy has completed the construction and installation of a photovoltaic project for the company Mobilaiud worth more than €850,000.
Transelectrica has signed with Georgian State Electrosystems, AzerEnerji, and MVM Electrical Works the shareholders' agreement for the Green Energy Corridor Power Company.
