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Financial instability threatens the investments for environmental protection in Romania

Author

Listed:
  • Ana POPA
  • Laura GIURCA VASILESCU

    (University of Craiova)

Abstract

The environmental sustainability depends on the correct identifying of the investment needs as well as on the creation of financing possibilities of these investment projects. The integrated Europe underlines the fact that the environmental investment projects should be subscribed to the cohesion policy with a lot of objectives established by the Lisbon Strategy, on March 2000. First of all, in Romania, the main idea is that the environmental sustainability must be integrated into core development work, maximizing the synergies. Secondly, the environmental investments need the financing funds and the good ability to access these funds. Thirdly, the financial instability threatens the investment for the important environment projects but in these conditions, should be done more minor projects, promoted by the small business sector.

Suggested Citation

  • Ana POPA & Laura GIURCA VASILESCU, 2009. "Financial instability threatens the investments for environmental protection in Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 122-126, May.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:122-126
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    File URL: http://feaa.ucv.ro/FPV/009-16.pdf
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    More about this item

    Keywords

    instability; investments; environmental protection; cohesion policy;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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