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Analysis of the Formation and Allocation of Resources Directed at Funding Environmental Projects and Programmes (EPP)

Author

Listed:
  • Ionel Bostan

    (Stefan cel Mare University of Suceava, Romania)

  • Cristina Mihaela Lazar

    (Faculty of Economic Sciences, Ovidius University, Universitatii 1, Constanta 900527, Romania)

  • Ioan Hurjui

    (Faculty of Economic Sciences and Public Administration, Stefan cel Mare University, Universitatii 13, Suceava 720229 Romania)

  • Nicoleta Asalos

    (Faculty of Economic Sciences, Ovidius University, Universitatii 1, Constanta 900527, Romania)

Abstract

After signing the Treaty of Accession to the European Union (2005), Romania has enforced the obligations assumed as concerns the environment, all the while trying to identify and attract additional sustainable funding sources in order to develop wide scope projects and programmes. Therefore, the Romanian legal system has instituted a special mechanism for the formation and allocation of resources for funding environmental projects and programmes (EPP), by applying the the polluter pays and extended producer responsibility principles. We are here referring to the Environment Fund Budget, regulated since 2005 and the focus of the present endeavour. In this respect, we will resort to the most recent professional literature available in the field and to the current regulatory framework, in order to conduct certain relevant analyses related to the mentioned mechanism, all the while bringing forward the issue of the recent financial developments, based on the officially confirmed data and indicators. Also, we indicate the current (minimum) objectives of recovery / incineration in incineration plants with energy recovery and recovery through recycling, global and by type of packaging materials. In the last part of the paper, we offer the formulas used in establishing the taxes and contributions due to the Environmental Fund, striving to make a presentation as unified and documented as possible.

Suggested Citation

  • Ionel Bostan & Cristina Mihaela Lazar & Ioan Hurjui & Nicoleta Asalos, 2019. "Analysis of the Formation and Allocation of Resources Directed at Funding Environmental Projects and Programmes (EPP)," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Stiinte Politice si Studii Europene/ Logos Universality Mentality Education Novelty - Section: Political Sciences and European Studies, Editura Lumen, Department of Economics, vol. 5(1), pages 46-58, December.
    • Handle: RePEc:lum:rev15p:v:5:y:2019:i:1:p:46-58
    DOI: https://doi.org/10.18662/lumenpses/08
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    References listed on IDEAS

    as
    1. Carmen Valentina RADULESCU & Ildiko IOAN & Cristina PARTAL, 2012. "European Financial Aid Use for Environmental Protection in Romania," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(2), pages 1-4, April.
    2. ?tefania Alina ROTARU, 2013. "Offer Funding For Environmental Protection In Romania," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 18(2), pages 78-89, November.
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      More about this item

      Keywords

      environment objectives; support funds; sustainable development; financial/fiscal instruments; Environment Fund Administration (AFM);
      All these keywords.

      JEL classification:

      • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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