Acasă » Electricity » EIB: Three-quarters of Romanians say the war in Ukraine and high energy prices should accelerate the green transition

EIB: Three-quarters of Romanians say the war in Ukraine and high energy prices should accelerate the green transition

27 October 2022
Electricity
Bogdan Tudorache

After a challenging year in which Russia’s invasion of Ukraine sparked an ongoing energy crisis and accelerated inflation all over Europe, and a summer marked by record heatwaves and droughts, Romanians have become even more acutely aware of the impact of climate change and the need for urgent action.

Thus, 73% believe that the Russian invasion of Ukraine and its consequences should accelerate the green transition, while 79% say that, if we do not drastically reduce our consumption of energy and goods in the coming years, we will be heading for a global catastrophe.

About 69% are in favour of heavily taxing highly polluting goods and services, such as sport utility vehicles (SUVs) and air transport, whilst 64% are in favour of indexing energy prices to the level of  consumption per household: the more you consume, the more expensive energy becomes.

These are some of the results from the latest yearly climate survey, conducted in August 2022 and published today by the European Investment Bank (EIB). The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects.

Climate change awareness and urgency

While COVID-19 was considered the biggest challenge facing Romanians last year, concerns about the financial crisis now predominate. 62% cite it as their top concern, compared with 45% across the rest of the European Union. Meanwhile, 88% of Romanians say they are feeling the effects of climate change on their daily lives.

About 79% think that, if we do not drastically reduce our consumption of energy and goods in the coming years, we will be heading for a global catastrophe. At the same time, 89% feel that the government is reacting too slowly, and only 37% think that Romania will succeed in substantially reducing its carbon emissions by 2030.

War in Ukraine and green transition

Most Romanians (73%) believe that the war in Ukraine and its consequences for the price of oil and gas should accelerate the green transition (7 percentage points more than the European average of 66%).

When asked to rank their energy priorities, almost half of Romanians expect their government to prioritise the development of renewable energies (49%), before focusing on energy supply diversification to avoid being overly reliant on a single energy provider (37%).

Energy saving ranks low among the government’s priorities. Some Romanians believe that citizens and companies must do more to reduce their consumption, but less so than elsewhere in Europe (14% compared with the European average of 19%). This is more the case among the younger generation (23% among 15- to 29-year-olds).

Tackling climate change and addressing high energy prices

To reduce energy consumption, Romanians are in favour of heavily taxing highly polluting goods and services, such as SUVs and air transport (69%). They also support the indexing of energy prices to the level of consumption per household (64%): the more you consume, the more expensive energy becomes.

If Romanians were to lower the temperature in their homes this winter, only 12% of them would accept capping it at 19° C (16 points less than the European average of 28%). Meanwhile, 26% of Romanians say that they already cannot afford to heat their homes properly.

Finally, on addressing high energy prices, Romanians think that in the short term the government should cap or regulate the price of gas, oil and coal (39%), or reduce energy-related taxes (31%). Other measures are less popular, such as encouraging energy saving through public campaigns (17%).

“Ahead of the COP27 climate conference, the results of the EIB’s 2022 climate survey show that Romanians are highly conscious of the need to drastically reduce energy consumption, as it reduces air and water pollution and conserves natural resources, which in turn creates a healthier living environment for people. At the EIB, we have been supporting a thermal rehabilitation programme to improve energy efficiency in residential buildings in Bucharest sectors for many years, and we have recently approved a programme to extend this support to other municipalities across Romania. We stand ready to use our full range of advisory and financial instruments to support Romania in a just green energy transition that leaves no one behind,” said EIB’s Vice-President Christian Kettel Thomsen.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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