Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. ORSE: Romania could invest EUR 6 billion to...

ORSE: Romania could invest EUR 6 billion to slash energy and transport poverty 

April 29, 2024

Romania will be one of the largest beneficiaries of the Social Fund for Climate, which will create a significant opportunity to reduce the energy poverty rate at national level, according to a press release of the Romanian Energy Poverty Observatory (ORSE).Thus, Romania will receive 9.25% (EUR 6 billion) of the EUR 65 billion financing package of the Social Fund for Climate, available during 2026-2032.The Report "Identification of vulnerability to ETS 2 in the Central and Eastern Europe region based on the example of Romania and Poland. Recommendations for social climate plans" was developed by the Center for the Study of Democracy (CSD), together with non-governmental organizations from Poland (WiseEuropa) and Germany (adelphi, Berlin)."In Romania, households that use gas-fired devices for heating their homes and are already energy poor will be the most vulnerable to ETS 2. However, other types of households will also be indirectly impacted by ETS 2. Therefore, a great stake is to develop programmes adapted to the energy needs of low- and middle-income households that are vulnerable to any price increases. These households are already in precarious situation or at high risk of energy poverty if they do not benefit from long-term interventions. One of the most important tasks for the authorities in the coming period is to identify and profile the households that will be most affected. This EUR 6 billion financing that Romania will benefit from will create a major opportunity to reduce the high rate of energy poverty registered at national level, if vulnerable categories of consumers are correctly identified," Andreea Vornicu, researcher at the Center for the Study of Democracy and co-author of the study, said, as quoted in the release.ORSE reports that, in Romania, 37% of households were in energy poverty in 2022, after spending over 10% of their income on energy bills (electricity and heating), according to CSD modelling based on data contained in the Family Budget Survey conducted by the National Institute of Statistics.Middle-income households will largely be directly affected by ETS 2, as these are households that do not have much economic leverage and every change in prices directly affects their income.In terms of transport, the biggest impact, around 4% on total expenses, would be felt by households at the top of income sources, according to the report published by CSD.The Romanian Energy Poverty Observatory (ORSE) is a project initiated by the Center for the Study of Democracy, a think-tank founded in 2006 within the Department of Political Sciences, Faculty of Political, Administrative and Communication Sciences, Babes-Bolyai University of Cluj-Napoca, within which it operates as an accredited research center.

Read in full - click here
Romanian Cristian Măcelaru to conduct French National Orchestra during Olympic Games opening ceremony

Romanian Cristian Măcelaru, the artistic director of the "George Enescu" International Competition and Festival, will conduct the Orchestre National de France at the opening ceremony of the Olympic Games in Paris.  "I never thought in my life that I would have this opportunity. It’s a very beautiful thing because it’s an event where we all […]

Only 6.5% of mayors in Romania are women, analysis shows

Only 207 women were elected as mayors in Romania in the June 9 local elections, representing 6.51% of the total 3,179 mayors, according to an analysis by Women for a Better Society, a non-governmental organization advocating for women's rights and gender equality. Moreover, only 3,606 women became local councilors, representing 9.01% of the total 40,022 […]

Romanian Bogdan Mureșanu’s feature debut joins Venice Film Festival competition lineup

Anul Nou Care N-a Fost/The New Year That Never Came, the first fiction feature written and directed by Bogdan Mureşanu, was selected in the Orizzonti competition section of the 2024 Venice International Film Festival. The 81st edition of the event will take place between August 28 and September 7. The New Year That Never Came […]

Flanco Relocates to SkyTower Bucharest, Romania's tallest building

Flanco Retail, one of Romania’s leading retailers of electronic and household appliances, announces the move of its headquarters to SkyTower, the tallest building in the country and a notable sustainable landmark in Bucharest. Starting in July, Flanco occupies the entire 11th floor of SkyTower, spanning over 1,150 square metres. This move represents a strategic step […]

Goldring: We aim to manage assets in excess of 50 million lei by the end of 2024 for the Discretionary account, a service that this year offered a return of over 27%.

The management of Goldring, one of Romania's most active brokers in terms of trading volume on the Bucharest Stock Exchange (BSE), aims to register 200 clients for the new Discretionary account service this year and assets of more than RON 50 million. Goldring launched Discretionary account services in 2023, with the first account opened in […]

Cushman & Wakefield Echinox: Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year […]