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The Impact Of The Cap-And-Trade System On Sustainable Development In Romania

Author

Listed:
  • Bologa (Fiat) Gabriela

    (Universitatea Agora, Facultatea de Drept si Stiinte Economice)

  • Balint (Platon) Judit

    (Universitatea Oradea, Facultatea de Stiinte Economice)

Abstract

The issue of pollution is an important contemporary issue. Within the last 20 years, there have been global studies on how to stop global warming. The European Union is the world leader in concrete measures undertaken in this respect. The introduction of the cap-and-trade system, begun in 2005 with the carbon emission certificate trade mechanism is considered a a modest succes that needs perfecting. The new EU directives of 2009, that come into effect in 2013, test member countries in the area of conventional and renewable energy strategies which have to be adapted to the national environmental protection strategies.

Suggested Citation

  • Bologa (Fiat) Gabriela & Balint (Platon) Judit, 2010. "The Impact Of The Cap-And-Trade System On Sustainable Development In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 69-75, December.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:69-75
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/007.pdf
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    More about this item

    Keywords

    market failure; cap-and-trade; emission certificates; carbon market;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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