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Tag Archives: climate change

Garanti Bank and IFC sign EUR 55 M-loan agreement to support SMEs and energy efficiency investments in Romania

Garanti Bank has signed a EUR 55 million loan agreement with the International Finance Corporation (IFC), member of World Bank Group, with the purpose of funding small and medium sized enterprises (SMEs) and sustainable energy efficiency projects, aiming to generate ...

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World Bank to grant Romania EUR 50m loan to improve disaster risk management

The World Bank has approved a EUR 50 million funding for the Disaster Risk Management Consolidation Project, which will improve the resilience of emergency and disaster response infrastructure of fire and emergency buildings, a statement released by the institution has ...

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WB grants Romania EUR 400 M to tackle natural disasters and climate change

The World Bank’s Board of Executive Directors approved a EUR 400 million (USD 493.06 million) Disaster Risk Management Development Policy Loan for Romania, which includes a Catastrophe Deferred Drawdown Option (CAT DDO). This loan will help support Romania’s efforts to ...

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Romania received over EUR 15 M from the sale of greenhouse gas allowances in December

The Romanian State got EUR 15.2 million last month, after trading the greenhouse gases emissions allowances on the EU’s joint auction platform, emissions of greenhouse gases for stationary installations and aviation industry, Ministry of Public Finance (MFP) announced. Thus, 2.09 million ...

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Romania files ratification document to Paris accord on June 1, the same day US president announced the country’s withdrawal from climate deal

Romanian Foreign Minister Teodor Melescanu filed the ratification document to the Paris climate accord on June 1, attended by UN deputy Secretary General Miguel de Serpa Soares, the Foreign Ministry informs in a release. It is to be noted that ...

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German Chancellor Angela Merkel says Europe can no longer rely on US and Britain

The German chancellor’s comments came after contentious meetings with US President Donald Trump at NATO and G7 summit meetings. Trump clashed with America’s allies over global warming, mutual defence and trade. German Chancellor Angela Merkel said on Sunday that Europe ...

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Romania, at the same attractiveness level for renewable energy investments, EY index shows

Romania keeps its 34th spot in Ernst & Young (EY) 45th edition of the ‘Renewable energy country attractiveness index (RECAI)’, a press release informs on Tuesday. Thus, according to global financial consultancy, Romania recorded 44.8 points, compared to 75 points scored ...

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