Ember, a global energy think tank, reports that 2024 marked a historic shift in electricity generation: for the first time since the 1940s, low-carbon sources—such as renewables and nuclear—accounted for more than 40% of global electricity.
Solar power generation is increasing more rapidly in Central and Eastern Europe than in any other region on the continent, outpacing the growth seen in wealthier and sunnier areas.
Ember estimates that 20% of global electricity generation across midday peaks on the solstice today will come from solar and in the entire month of June.
Last year marked a significant milestone as renewable energy surpassed 30% of the world's electricity generation for the first time.
In the past year, wind energy production in Europe surpassed that of gas-fired power plants for the first time.
Wind and solar energy reached a record high of 12% of global electricity generation in 2022. All renewable energy sources, including nuclear power, comprised 39% of global electricity last year. Meanwhile, EU countries are lagging behind with wind power expansion.
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.
