Business | 6 March, 2025 at 2:00 PM
Romania navigates 2025 financing with discipline and sustainability
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
In the second quarter of 2024, the EU economy greenhouse gas emissions were estimated at 790 million tonnes of CO2-equivalents (CO2-eq).
In the first quarter of 2024, the EU economy's greenhouse gas emissions were estimated at 894 million tonnes of CO2-equivalents.
TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030.
The European Commission has approved the registration of a European Citizens' Initiative titled ‘Save the Planet by shifting taxation from labour to greenhouse gas emissions.
The European Council officially ratified a revised directive aimed at improving the energy performance of buildings.
The European Commission published a detailed impact assessment on possible ways to achieve the agreed goal of making the European Union climate neutral by 2050.
JTI Romania follows the group's strategy to improve its environmental footprint, says Gilda Lazăr, Director of Corporate Affairs & Communications at JTI Romania, Moldova & Bulgaria.
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.
Greenhouse gas (GHG) emissions generated by the economic activities of resident units in the European Union last year stood at 3.6 billion tons of CO2 equivalent.
Egger Romania applies a zero-tolerance policy towards illegal logging and implements the strictest controls on all its wood suppliers, says Commercial Director Alina Chifan. She talked to Green Forum about the company's initiatives regarding sustainability and the biggest difficulties in implementing sustainability actions.
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).
The Council adopted new rules to reduce final energy consumption at the EU level by 11.7% in 2030.
MEPs approved new rules on more alternative fuel stations for cars and trucks, simple and easy recharging, and on cleaner maritime fuels.
The European Commission is today proposing measures to make freight transport more efficient and more sustainable, by improving rail infrastructure management, offering stronger incentives for low-emission lorries, and better information on freight transport greenhouse gas emissions.
IT consultancy company SoftServe has reduced direct greenhouse gas emissions by 43% and indirect emissions by 46% in 2022 as part of its 10-year environmental resource efficiency strategy.
The government approved the "Neutral Romania 2050" scenario, for the reduction of greenhouse gas emissions. The Minister of the Environment, Tanczos Barna, says that the chosen option is a terminal through which Romania assumed that economic development will be practically decoupled from the increase in emissions.
The Electrolux Group reached its set targets for reducing greenhouse gas emissions three years earlier. The group thus reduced its greenhouse gas emissions from direct and indirect operations by 82% and the emissions resulting from the direct use of household appliances by 25%.
Nestlé has officially inaugurated the Institute of Agricultural Sciences to help advance sustainable food systems by delivering science-based solutions in agriculture. Its goal is to identify the most promising solutions to promote the production of nutritious raw materials while minimizing their environmental impact.
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.
