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The Management Of Green Certificates In Romania

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  • Gabriela PICIU

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

Green certificates remain a sensitive issue both for Romanian authorities, but especially among producers of renewable energy that thought they would benefit from the authorities' support for a long time. Thanks to a particularly generous support scheme (the most generous in Europe), there is a danger of producing a phenomenon similar to that produced in the real estate sector in 2006-2008 by creating an investment bubble in the field of unconventional energies. The renewable investment bubble would be choppy following the reduction in the number of green certificates, a government measure. Since the legislative measures to be taken on green certificates are not yet clear, there is a possibility that their number may fall or their volume drops from 55 euros. At present, the producers of renewable energy pay the profit tax only when the CV is traded, which will lead to the decrease of the cases of insolvency and bankruptcy among the renewable energy producers.

Suggested Citation

  • Gabriela PICIU, 2018. "The Management Of Green Certificates In Romania," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(1), pages 96-104.
    • Handle: RePEc:brc:brccej:v:3:y:2018:i:1:p:96-104
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    References listed on IDEAS

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    More about this item

    Keywords

    renewable energy; green certificates; reducing emission; renewable investment bubble; efficiency;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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