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publicationOctober 24, 2023

Country Climate and Development Report for Romania

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This report explores how climate action, in line with Romania¡¯s goal of achieving net zero emissions by 2050, interacts with the country¡¯s growth and development path. It further suggests priority actions to reduce carbon emissions and build resilience, while supporting inclusive economic growth and poverty reduction.

This is the first Climate Country and Development Report (CCDR) to cover a European Union member state and a high-income economy. 

Press Release

Key highlights

  • Romania can simultaneously accelerate poverty reduction while decarbonizing its economy towards the climate objective to reach net zero emissions by 2050. The impactful use of EU funding, complemented by structural reforms, as well as effective public and private investments are instrumental for a successful green transition in Romania.
  • Reaching 2050 targets will present substantial challenges, requiring political and population buy-in, as well as substantial funding. Green development investment needs in key decarbonizing sectors alone¡ªele