Environment | 8 October, 2024 at 7:00 PM
EU strengthens deforestation rule enforcement
The European Commission published additional guidance for the implementation of the EU Deforestation Regulation.
The European Commission published additional guidance for the implementation of the EU Deforestation Regulation.
More than half of Romanians (57%) show a reduced willingness to consume sustainably and declare that they think about sustainability "from time to time".
The European Parliament adopts new law to fight global deforestation. An area larger than the EU was lost to deforestation between 1990 and 2020, with EU consumption causing around 10% of losses. The new law is the key to the fight against climate change and biodiversity loss.
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).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
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.
