The European Investment Bank invests in projects to connect the energy networks of Moldova and Romania
This was stated by the head of the EIB group in Romania, Marius Cara, speaking at the Business Forum of the Transatlantic Partnership for Energy and Climate Cooperation (P-TECC) taking place in Bucharest. It discussed the priorities of European countries to promote the energy transition and the financial instruments available to promote green energy. Representatives of financial institutions spoke about the priorities for financing the energy sector and the financial instruments available for investment in projects to stimulate the integration of green energy sources into the sector. “The European Investment Bank has stopped investing in fossil fuels from 2021 and our projects are aligned with the Paris Agreement on climate change. By 2030, we plan to invest €1 trillion in decarbonization and the energy transition. We are also investing in EU RePower Plan projects and Moldova-Romania interconnection projects,” said Marius Cara. “Energy is our priority for investment. Last year we invested €1.2 billion to strengthen the European energy sector. We believe that energy security and the transition to a green economy must remain at the core of our investments,” said Agnes Dasewicz, chief operating officer of the American International Development Finance Corporation. The business forum is being held as part of the 5th meeting of the Transatlantic Partnership for Energy and Climate Cooperation (P-TECC). The event brings together public and private sector leaders from Europe and the United States to discuss measures to strengthen regional energy security and strategies to support the recovery of Ukraine's energy sector. The event will end on July 24th. // 23.07.2024 — InfoMarket.
