Romania needs a lot of heat pumps in the coming years to achieve its decarbonisation target in the heating and cooling sector, Sorin Elisei, director general at the Ministry of Energy, told a specialist event on Wednesday."On the electricity side, we are starting to do well. In 2030, Romania has an 87% reduction in emissions in the energy sector as against 1990 - and that is largely due to the "coal fault", so to speak, the elimination of coal, just as we set our targets under the National Recovery and Resilience Plan (PNNR)," Elisei told a ZF ESG 2024 conference on the pillars that underpin sustainable investments and how to build sustainable businesses.In his opinion, carbon capture and storage could be something that Romania could take advantage of, offshore rather than on-shore, but also an opportunity that is directly linked, for example, to the cement industry."We will need a lot of heat pumps in the coming years to be able to achieve our decarbonisation target in the heating and cooling sector. We see how other countries have attracted investment in factories - and that's what I think we should be moving towards. As Mr Fechet [environmental minister] said about investing in a glass factory, we should reach out to producers of net zero technologies. The renewable part for which billions and billions of euros have been allocated is on a good track."Minister Fechet said on Wednesday that funding sources are currently being sought at government level in order to attract investment to Romania for glass processing, given that the glass industry is one with a high added value that involves very high investments and operating costs. (Photo:https://www.myclimate.org/)
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
