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, Economica.net 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.