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August 17, 2022

EIB Vice President, Minister Barna Tanczos discussed strengthened water, forestry, waste management and environmental investment across Romania

European Investment Bank Vice President Christian Kettel Thomsen on Wednesday  welcomed Romanian Minister of Environment, Water and Forests, Barna Tanczos, to the EIB’s Luxembourg headquarters for a working visit and high-level discussions with water, waste, environment and financing experts.

“The European Investment Bank is a key partner for environmental investment in Romania. Today’s visit provides a timely opportunity to further strengthen decades of close cooperation and unlock new opportunities to deliver high-impact environmental, water and climate action investment across our country,” said Barna Tanczos, Romanian Minister of Environment, Water and Forests, according to a press release issued by the EIB.

“The European Investment Bank is committed to scaling up support for climate action and environmental investment across Romania and strengthening cooperation with Romanian partners. It is a pleasure to welcome Minister Tanczos to the EIB today for fruitful and constructive discussions on how to accelerate high-impact water and environmental investment and build on the EIB’s strong track record of backing investment and sharing technical and financial experience. The EIB looks forward to even closer cooperation with Romanian authorities to maximise the impact of future Resilience and Recovery Fund investment” said Christian Kettel Thomsen, European Investment Bank Vice President.


Ensuring that Romania benefits from increased EIB support for climate action


The  discussions provided an opportunity to strengthen the close partnership between the EIB and Romania and ensure that Romania benefits from increased EIB support for climate action and environmental sustainability investment over coming years.

The EIB Group is committed to leveraging EUR 1 trillion of new investment by 2030 to accelerate the transition to a climate neutral, climate-resilient and sustainable economy, and support just transition.


Building on EIB technical cooperation with Romanian partners


The EIB Group’s Bucharest office hosts the EIB’s largest advisory and technical expert team in Europe and supports preparation and implementation of EIB and EU funded projects across Romania. Significant EIB advisory resources have been deployed in the Romanian water and waste sectors.

The EIB has operated in Romania since 1991 and provided more than EUR 1.65 billion for private and public investment across the country.


Tanczos on Fit for 55: Reducing emissions by at least 55% by 2030 in Romania should be achieved with as little impact on citizens as possible


It is essential that the goal of reducing emissions by at least 55% by 2030 in Romania be achieved with as little impact on citizens as possible, Romania’s Minister of the Environment, Water and Forestry Barna Tanczos said on Wednesday in Luxembourg.

According to a press statement from the Romanian Environmental Ministry, Tanczos attended a meeting of the Environment Council in Luxembourg on Wednesday. The event brought together EU environment ministers for their first meeting under the Slovenian presidency.

Featuring on the agenda of the event were the Fit for 55 package, the new EU Forest Strategy for 2030, preparations for the UN Conference on Climate Change (COP26), as well as increases in electricity and gas prices.

Regarding the Fit for 55 package, ministers discussed measures to be taken to meet the EU’s emission reduction target for 2030 of at least 55%. The ambitious package aims to bring the relevant EU legislation in line with the new EU target for 2030.

In his speech on Fit for 55, Tanczos pointed out that “to Romania, it is essential that the 55% target be achieved with as little a direct social impact on the citizens as possible. In that regard, we emphasise the importance of citizen support. The impact of policies depends on national circumstances, economic structure, financial resources and purchasing power.”

“It is important to ensure the coherence and consistency of agreed measures, including in terms of ensuring the competitiveness of the industry, as well as a socially just transition. Employment has to be another component that must be secured regardless of the agreed approach,” he added, according to Agerpres.

On July 14, 2021, the European Commission presented the Fit for 55 package of legislative proposals, which consists of a series of interconnected proposals, both to amend existing legislation and to launch new initiatives in a series of policy areas and economic sectors, including climate, energy, transport, construction, land use and forestry.

In the commission’s view, these proposals aim to enable the EU to achieve its objectives in a fair, cost-effective and competitive way and to contribute to a green and fair transition of the EU economy in line with the objectives of the European Green Deal.

According to the ministry, on the issue of rising electricity and gas prices, Tanczos pointed out: “The energy price crisis also shows that natural gas and nuclear energy are necessary solutions, and the European Commission must facilitate investment in these two technologies. The commission should carry out a thorough analysis of the energy and gas price situation, because we believe that there is a risk of excessive manipulation. The same risk exists for the price of carbon. It should be more predictable and we should avoid excessive volatility.”

Ministers also approved conclusions on preparations for the United Nations Conference on Climate Change (COP26) to be held in Glasgow, United Kingdom, October 31 – November 12, 2021 under the presidency of the United Kingdom.

The Environment Council meeting continued with remarks from the environmental ministers on the new EU Forest Strategy for 2030.

Photo: @EIB

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