Business | 8 July, 2024 at 9:00 AM
DS Smith and Carlsberg Poland to reduce CO2
Carlsberg will save up to 224 tons of CO2 annually in Poland.
Carlsberg will save up to 224 tons of CO2 annually in Poland.
The completion of the joint venture is contingent upon various closing conditions, including regulatory and government approvals
The European Commission has announced an agreement between the European Parliament and Council on a provisional political agreement strengthening CO2 emissions standards for new heavy-duty vehicles.
Restart Energy has completed the installation of a photovoltaic energy generation system for the Kraftalt company, worth approximately €450,000.
Greenhouse gas emissions in Hungary's energy sector are on a downward trend as the share of electricity generated by fossil fuels drops and that of renewables and nuclear power grows.
The Commission has selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund.
Mega Image has published, for the fourth consecutive year, the annual non-financial report.
Green Genius, a renewable energy company operating in eight European markets, wants to build 500 MW of renewable energy systems in the coming years in Romania.
MEPs want stricter limits to achieve zero pollution by 2050.
MEPs back plans to boost the use of renewable energy.
In the first quarter of 2023, greenhouse gas emissions generated by the economy of the European Union totaled 941 million tons of CO2 equivalent, a decrease of 2.9% compared to the same period in 2022 (969 million tons of CO2 equivalent), shows data published by the European Statistical Office (Eurostat).
Braşov City Hall launched a tender for the development of a photovoltaic park with a power of 20 MW. The maximum value of the purchase exceeds RON90 million (€18 million).
EU countries on Tuesday gave the final approval to the biggest revamp to date of Europe's carbon market, which is set to make it more costly to pollute and sharpen the 27-member bloc's main tool for cutting carbon dioxide emissions. The world's first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2 and has cut emissions from those sectors by 43%.
Drugmaker Zentiva announces its commitment to plant 1 million trees by 2030. The company has reduced its CO2 emissions by 10% in 2022, following a 16% reduction in 2021.
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.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
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.
