The report explores the future of climate action, aligned with Romania’s ambitious goal to achieve net zero emissions by 2050. These efforts intertwine with the country’s growth and development journey while focusing on reducing carbon emissions and fostering resilience.

πŸ“œ Key Highlights:

Romania can reduce poverty and decarbonize the economy in tandem, with strategic EU funding, reforms, and robust public-private #investments.

Meeting 2050 targets is a challenge, necessitating broad political and public support, as well as significant funding. Green investments in key sectors, like electricity, buildings, and transport, are projected to be around 3% of cumulative GDP by 2050. A major shift from fossil fuels to a low-carbon, electrified economy is vital, especially in a nation where over 70% of energy consumption depends on fossil fuels. Urgent attention is required in the transport and water sectors to achieve #netzero emissions by 2050. Romania’s transport system needs development, while #watermanagement is critical for both climate adaptation and mitigation, given existing development gaps.

🌳 Proposed Pathway to Achieve Net Zero by 2050:

Romania is on track to meet its 2030 climate targets, but the road to net zero by 2050 is challenging and calls for a society-wide approach.

Romania has reduced emissions by 53.2% between 1990-2018, leaving only a 3.9% reduction to reach the “Fit for 55” goals in 2030. To achieve net zero by 2050, substantial emissions reduction is required in difficult sectors like power generation, agriculture, and transport.

πŸ’‘ Priority Recommendations for Romania:
1️⃣ Increase #electrification and fuel switching
2️⃣ Enhance #energyefficiency
3️⃣ Strategically manage #waterresources
4️⃣ Foster human capital development
5️⃣ Accelerate transport #decarbonization
6️⃣ Improve #fiscalincentives
7️⃣ Deepen government #collaboration and #coordination

πŸ“š Download the Full Report.

Romania is committed to transitioning to a low-carbon, electrified economy, and addressing urgent issues in sectors like transportation and water management by fostering #collaboration, #innovation, and #strategicinvestments. πŸŒΏπŸ‡·πŸ‡΄