The RON880 million add to investments of nearly RON2.5 billion carried out by E-Distributie on the local market between 2019 and 2020, per data previously provided by Ziarul Financiar.
Investments in Romania come in the context which Europe’s biggest utility Enel has lifted its 2030 greenhouse gas emission reduction target to 80% from 70%. Enel, which is committed to full decarbonization by 2050, already decreased direct greenhouse gas emissions by more than 36% in 2019 from 2007 levels.
Enel committed to an 80% reduction in its direct greenhouse gas (GHG) emissions per kWh by 2030, from a 2017 base-year, becoming the first major, global, integrated utility to set an emission reduction target consistent with the United Nations pledges to limit global warming to 1.5°C above pre-industrial levels and to achieve net zero emissions by 2050, as validated by the Science Based Targets initiative (SBTi).
Enel is contributing to the energy transition by promoting a sustainable business model across its entire value chain. It was one of the first companies in the world to join the SBTi in 2015. The Group is making good progress towards the achievement of the SBTi target as in 2019 its direct GHG emissions per kWh were reduced by more than 36% compared to 2007, and it will continue this trend through major investments in renewables and thermal decommissioning.
Enel is the first major, global, integrated utility to set an emission reduction target in line with the United Nations pledge to limit the maximum global temperature rise to 1.5°C from pre-industrial levels.