Romania’s recovery and resilience plan: Investments and reforms conflicting with the decarbonisation process of the energy sector

Briefing    |    8 August 2021

Download

As the European Commission is currently reviewing the Romanian Recovery and Resilience Plan, there is a risk that billions of euros in public money might end up supporting the fossil fuels industry. This briefing provides an analysis of the recovery plan’s energy component. It shows that despite an impressive 40.8 per cent share of expenses related to the green transition, a large part of the plan’s investment proposals is based on fossil gas, with the hydrogen component attached only to meet the European environmental requirements.     

The briefing was created by Bankwatch Romania Association in partnership with Declic Association, with the support of researchers Sorin Cebotari, assistant researcher at Babeș- Bolyai University, and Andrei David Korberg, assistant researcher at Aalborg University.