Romsilva will plant approximately 26 million forest seedlings and will regenerate 12,087 hectares in the state-owned forest fund during the two reforestation campaigns.
More than 25 million forest saplings were planted in state forests, thus regenerating 14,368 hectares, according to data from the National Forestry Agency (RNP) - Romsilva.
The National Directorate of Forests - Romsilva to plant about 20 million forest saplings and regenerate 9,643 hectares of forest land, the public property of the state, during the spring afforestation campaign. The investment measure from the National Recovery and Resilience Plan (PNRR) - Investments in new areas occupied by forests, including urban forests and reforestation - has a budget of €730 million.
The company is working to advance its sustainability commitments in the four focus areas of sustainable innovation, climate, biodiversity, and inclusion, diversity and equity.
The company plans to use the funds raised through the listing to acquire renewable energy assets in Romania and Moldova.
Greenhouse gas emissions generated by the European Union's economy totaled 897 million tonnes of CO2 equivalent in the fourth quarter of 2023.
Over 500 companies from across the country are expected to attend the ESG Journey event series from May to November 2024, organized by Social Innovation Solutions in partnership with UniCredit Bank Romania.
EU Commission announced that two Chinese-owned renewable energy developers have pulled out from a public tender to build a solar photovoltaic park in Romania.
