“There is a huge discrepancy between the topics discussed in Brussels and the issues we are debating in Bucharest. A study shows that for the ‘1.5 degrees until 2050’ scenario, investments of over 150 trillion dollars are needed. That means 5 percent of the global GDP every year. For Romania, this would mean investments of 15 billion euros every year for the energy transition,” Corneliu Bodea, CEO Adrem said during Energy CEO Forum organized by The Diplomat-Bucharest.

“Many players in the market are probably convinced that Romania will not reach its targets regarding the share of renewable energy in the energy mix until 2030. What are we missing? A concrete plan would be very good. We also lack the coherence of investments.

For Romania to fulfil its objectives and remain on the energy transition map in a leading position, there must be a coherent cooperation between the public authorities and the private environment. Everyone must gain from this partnership, and we must find ways to collaborate and use the funding sources that are available.

We must reduce the bureaucracy and urgently revise the public auction system. A major problem is human resources, and it is at the top of the priorities for our company. Romania must have a concrete plan regarding the energy transition.”