The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channeled through the Innovation Fund.
ProCredit Bank has granted a loan of €3.15 million to the nextE group for the construction of a photovoltaic plant.
The European Commission has approved 171 new projects across Europe under the LIFE Programme for Environment and Climate Action, worth more than €396 million.
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
CEC Bank has signed with the European Investment Fund (EIF) a new agreement, worth €105 million, to support SMEs and small companies with medium capitalization to increase their competitiveness and transition to a green, sustainable economy, within the PNRR - The compartment for Member State Romania.
Garanti BBVA Leasing, part of the Garanti BBVA Group, has signed a new loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group, in the amount of €20 million.
Exim Banca Românească has started the transition process of the card portfolio towards a sustainable and environmentally friendly alternative.
The World Bank has supported Romania in its efforts to combat nutrient pollution for the past two decades, with over €110 million invested in local communities, says Anna Akhalkatsi, Country Manager for Romania at the World Bank.
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.
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
The total amount of sustainable loans granted by Raiffeisen Bank last year exceeded €500 million and the entire portfolio of green products for corporate customers reached €435 million, says Laura Mihăilă, Director of Marketing, Communication & CX at Raiffeisen Bank Romania. She talked to Green Forum about Raiffeisen Bank Romania's ESG strategy and the measures the bank is implementing to reduce the negative environmental impact.
OMV Petrom has allocated RON 1.5 million (€300,000) in 2023 to train a new generation of energy professionals.
In the coming years, Romania has at its disposal unprecedented European funds of billions of euros for the transition to an energy sector with low emissions.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
E.ON Group has issued green bonds of €1.5 billion, as pre-financing for 2024.
In 2022, the total amount allocated to sustainable lending by Raiffeisen Bank amounted to €500.5 million.
BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices.
ING Bank Romania has invested €11 million in the past 11 years in environmental actions in Romania and €1.2 million were donated in 2022 alone for vulnerable groups' support, says Alexandra Maier, Sustainability Manager at ING Bank Romania.
The European Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund.
ING Bank Romania granted green financing worth RON426 million (€85.2 million) to the company RetuRO Sistem Garantie Returnare.
EIB to support Green Deal Industrial Plan with €45 billion in additional financing.
The banking sector in Romania has made notable progress in aligning its practices to evolving ESG standards and regulations aimed to support the EU's ambitious decarbonization targets, says Gyula Fatér, CEO of OTP Bank Romania. He talked to Green Forum about the role that ESG currently plays in the decision-making process at OTP Bank Romania.
Companies can receive up to €20 million for photovoltaic energy projects through the EU's Modernization Fund, says Răzvan Gălăţan, Operational Director of Goodwill Consulting, a consulting firm for European funds.
Mayor Dominic Fritz is announcing that the Municipality has paid its environmental payment obligations for the 2016-2020 period. The City Hall of Timisoara paid last week the last installment of the obligations of RON5.6 million (€1.12 million) calculated by the Environmental Fund Administration (AFM), for the mentioned interval.
Egger Romania applies a zero-tolerance policy towards illegal logging and implements the strictest controls on all its wood suppliers, says Commercial Director Alina Chifan. She talked to Green Forum about the company's initiatives regarding sustainability and the biggest difficulties in implementing sustainability actions.
The companies Mytilineos and Karatzis have signed a power purchase agreement (PPA), allowing for the construction of three large photovoltaic plants in Greece.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, has inaugurated the regional center in the commune of Bonțida, Cluj County.
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.
The European Parliament has announced a deal with the Council to reduce industrial emissions.