Romanian government to invest €2.1 billion in climate neutrality

(EurActiv, 10 Oct 2023) The proposed investment, which is set to be voted on by the government soon, will be put towards becoming climate-neutral by 2050.

Romania intends to channel these investments worth €2.069 billion into three major energy-consuming sectors: road transport, buildings, and industry, reports.

Within these significant sectors, the allocated funds will be used to acquire high-efficiency machinery, technologies and equipment (new vehicles, heating and cooling systems, and industrial technologies. A portion of the funding will be directed towards enhancing the energy efficiency of buildings.

These investments will have “positive implications through the creation of new jobs, economic growth and a healthier environment”, according to the document.

Romania’s goal is to achieve climate neutrality by 2050, which involves an impressive 99% reduction in net emissions compared to the 1990 levels.

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EurActiv, 10 Oct 2023: Romanian government to invest €2.1 billion in climate neutrality