{"id":5359,"date":"2024-02-20T16:46:42","date_gmt":"2024-02-20T16:46:42","guid":{"rendered":"https:\/\/oando.pt\/westalgarve\/?p=5359"},"modified":"2026-07-06T13:27:19","modified_gmt":"2026-07-06T13:27:19","slug":"money-eco-friendly","status":"publish","type":"post","link":"https:\/\/oando.pt\/de\/money-eco-friendly\/","title":{"rendered":"Can Money be Eco-Friendly?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5359\" class=\"elementor elementor-5359\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4580636 e-flex e-con-boxed e-con e-parent\" data-id=\"4580636\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3709782 elementor-widget elementor-widget-heading\" data-id=\"3709782\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can Money be Eco-Friendly?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d784a7 e-flex e-con-boxed e-con e-parent\" data-id=\"2d784a7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-28386d7 elementor-widget elementor-widget-spacer\" data-id=\"28386d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-718e63e elementor-widget elementor-widget-text-editor\" data-id=\"718e63e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In an attempt to meet environmental targets, the Bank of Portugal is proposing to do just that. How is this possible and what does it involve?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de3a475 e-flex e-con-boxed e-con e-parent\" data-id=\"de3a475\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-9d7f14d e-con-full e-flex e-con e-child\" data-id=\"9d7f14d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e0f8e0e elementor-widget elementor-widget-text-editor\" data-id=\"e0f8e0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Go &#8220;further in its targets than the Climate Law itself,&#8221; according to the vice-governor of the Bank of Portugal.<\/p><p>With this objective in mind, Banco de Portugal is focussed on respecting the <a href=\"https:\/\/www.ecb.europa.eu\/euro\/cash_strategy\/html\/index.en.html\"><u>cash strategy<\/u><\/a>. A strategy that the central banks of the euro area have agreed to fulfil by the year 2030.<br \/>Some of the goals include &#8220;<span style=\"color: #212529;\">making euro banknotes as environmentally friendly and sustainable as possible by 2030, without compromising the widespread availability and acceptance of cash<\/span>&#8220;.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cecaa6c elementor-widget elementor-widget-heading\" data-id=\"cecaa6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How is this possible?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d60d4b6 elementor-widget elementor-widget-text-editor\" data-id=\"d60d4b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Euro banknotes are produced using fibers derived from spinning cotton, which would otherwise be considered waste in the textile industry. Since 2014, sustainable cotton fibers have been increasingly integrated into the production process, including organic cotton, fair trade cotton, or cotton from integrated production methods. Starting from 2023, euro banknote paper has been exclusively made using sustainable cotton. The Eurosystem aims to achieve a target of incorporating 100% organic or fair trade cotton, which has a lower environmental impact compared to integrated production cotton, by the year 2027.<\/p><p>Check the full article here <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.bportugal.pt\/en\/page\/cash-and-sustainability\">https:\/\/www.bportugal.pt\/en\/page\/cash-and-sustainability.<\/a><\/span><\/p><p data-sourcepos=\"3:1-3:60\">Portugal has shown strong commitment to becoming a more eco-conscious nation, with numerous initiatives and ambitious goals in action. Here&#8217;s a look at some key areas:<\/p><p data-sourcepos=\"5:1-5:167\"><strong>Renewable Energy:<\/strong> Leading the charge in renewable energy production, wind and solar power account for a significant portion of the country&#8217;s energy consumption. In 2022, Portugal hit a record, with 67% of its electricity derived from renewable sources.<\/p><p data-sourcepos=\"7:1-7:126\"><strong>Energy Efficiency:<\/strong> Measures are being implemented to improve energy efficiency in buildings and transportation. A national program supports building energy refurbishment, aiming to reduce energy consumption and greenhouse gas emissions.<\/p><p data-sourcepos=\"9:1-9:228\"><strong>Sustainable Mobility:<\/strong> Portugal prioritizes eco-friendly travel options, investing in cycling infrastructure and public transport. Additionally, it encourages electric vehicle adoption through tax breaks and other incentives.<\/p><p data-sourcepos=\"11:1-11:86\"><strong>Nature Protection:<\/strong> Nearly 30% of Portugal&#8217;s territory falls under protected areas, reflecting its commitment to biodiversity conservation. Action plans for endangered species further demonstrate this dedication.<\/p><p data-sourcepos=\"13:1-13:215\"><strong>Circular Economy:<\/strong> Transitioning towards a circular economy, Portugal targets waste reduction and increased material reuse and recycling. Measures include curbs on single-use plastics and boosted recycling rates.<\/p><p data-sourcepos=\"15:1-15:225\"><strong>Environmental Awareness:<\/strong> Growing public concern for the environment translates into individual actions to minimize environmental impact. This shift in consciousness plays a vital role in Portugal&#8217;s sustainability journey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-206a84c e-con-full e-flex e-con e-child\" data-id=\"206a84c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fa37513 elementor-widget elementor-widget-video\" data-id=\"fa37513\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;video_type&quot;:&quot;hosted&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t\t\t\t<div class=\"e-hosted-video elementor-wrapper elementor-open-inline\">\n\t\t\t\t\t<video class=\"elementor-video\" src=\"https:\/\/oando.pt\/westalgarve\/wp-content\/uploads\/sites\/13\/2024\/02\/dinheiro-sustentavel-eco-friendly-money-portugal-algarve.mp4\" controls=\"\" preload=\"metadata\" controlsList=\"nodownload\"><\/video>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-48ab25c e-flex e-con-boxed e-con e-parent\" data-id=\"48ab25c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1170edd elementor-widget elementor-widget-heading\" data-id=\"1170edd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Impact on the Real Estate Market:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-045da2d elementor-widget elementor-widget-text-editor\" data-id=\"045da2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-sourcepos=\"19:1-19:83\">Portugal&#8217;s sustainability efforts hold various benefits for the real estate market:<\/p><ul data-sourcepos=\"21:1-24:83\"><li data-sourcepos=\"21:1-21:174\"><strong>Rising Demand for Green Buildings:<\/strong>\u00a0Increased environmental awareness fuels the demand for properties designed with energy efficiency and eco-friendly materials in mind.<\/li><li data-sourcepos=\"22:1-22:161\"><strong>Higher Value for Sustainable Properties:<\/strong>\u00a0Homes incorporating sustainability features often command higher market values compared to traditional properties.<\/li><li data-sourcepos=\"23:1-23:133\"><strong>Reduced Operating Costs:<\/strong>\u00a0Energy-efficient properties typically incur lower operation costs,\u00a0attracting both buyers and tenants.<\/li><li data-sourcepos=\"24:1-24:83\"><strong>Improved Quality of Life:<\/strong>\u00a0Properties situated in areas with good air quality,\u00a0green spaces,\u00a0and sustainable mobility infrastructure offer a significantly enhanced quality of life for residents.<\/li><\/ul><p data-sourcepos=\"26:1-26:313\">In conclusion, Portugal&#8217;s significant strides towards environmental responsibility hold valuable benefits for the real estate market. These include a rise in demand for eco-friendly properties, increased value for sustainable homes, reduced operation costs, and ultimately, a higher quality of life for residents.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9d2e813 e-flex e-con-boxed e-con e-parent\" data-id=\"9d2e813\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7d2ca33 e-con-full e-flex e-con e-child\" data-id=\"7d2ca33\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aac7f01 elementor-widget elementor-widget-wp-widget-archives\" data-id=\"aac7f01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wp-widget-archives.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5>Archiv<\/h5>\n\t\t\t<ul>\n\t\t\t\t\t<li><a href='https:\/\/oando.pt\/de\/2026\/01\/'>Januar 2026<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2024\/10\/'>Oktober 2024<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2024\/09\/'>September 2024<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2024\/08\/'>August 2024<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2024\/02\/'>Februar 2024<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2024\/01\/'>Januar 2024<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/12\/'>Dezember 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/11\/'>November 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/09\/'>September 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/07\/'>Juli 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/05\/'>Mai 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/02\/'>Februar 2023<\/a><\/li>\n\t<li><a href='https:\/\/oando.pt\/de\/2023\/01\/'>Januar 2023<\/a><\/li>\n\t\t\t<\/ul>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-825b72c e-con-full e-flex e-con e-child\" data-id=\"825b72c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c023ed6 elementor-widget elementor-widget-wp-widget-search\" data-id=\"c023ed6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wp-widget-search.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<form role=\"search\" method=\"get\" id=\"searchform\" class=\"searchform\" action=\"https:\/\/oando.pt\/de\/\">\n    <div class=\"form-row\">\n        <div class=\"col-sm-12 col-md-8\">        \n            <div class=\"form-group\">\n                <input value=\"\" name=\"s\" id=\"search-form-6ac6b9b25a6a1\" type=\"text\" placeholder=\"\" class=\"form-control\">\n            <\/div>\n        <\/div>\n        <div class=\"col-sm-12 col-md-4\">        \n            <div class=\"form-group\">\n                <button type=\"submit\" class=\"btn btn-primary btn-full-width\">Suche<\/button>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/form>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Can Money be Eco-Friendly? In an attempt to meet environmental targets, the Bank of Portugal is proposing to do just that. How is this possible and what does it involve? Go &#8220;further in its targets than the Climate Law itself,&#8221; according to the vice-governor of the Bank of Portugal. With this objective in mind, Banco [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Can Money be Eco-Friendly? In an attempt to meet environmental targets, the Bank of Portugal is proposing to do just that. How is this possible and what does it involve? 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