Finance | 20 November, 2024 at 8:16 PM
EU leads the way in green finance
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.
The European Bank for Reconstruction and Development has priced its largest ever green bond transaction, issuing a €1 billion 7-year benchmark.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds.
The total value of the €4 billion bond issuance had a final subscription of over €14.8 billion.
The E.ON Group has announced that it is issuing green bonds of €1.5 billion, in the first days of 2024.
E.ON Group has issued green bonds of €1.5 billion, as pre-financing for 2024.
Restart Energy announced the completion of the implementation of a photovoltaic panel system worth €160,000 for the Geneza Comimpex company. The project consisted of the installation of 428 panels at the Geneza Supermarket in Târgu-Neamț, Neamț county, on an area of 1,200 sqm, with a power of 194.4 kWp.
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.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
