IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v1y2014i16p16.html
   My bibliography  Save this article

The System Of Green Certificates - Promoter Of Energy From Renewable Resources

Author

Listed:
  • Leontina Păvăloaia
  • Iuliana Georgescu

Abstract

The traditional economic development aims at customer satisfaction and profits maximization, but overused the natural resources. Therefore, it becomes a necessity to take into account the social and environmental aspects. In order to ensure sustainable development, it have been adopted numerous rules and regulations which set objectives and targets aiming to reduce emissions and contributing to a responsible behavior. One of the objectives set at EU level is to ensure that sustainable development is the use of renewable resources in the production of electricity. In order to encourage the use of renewable energy sources for energy production it applied a system of promotion throughout green certificates, which aims, among other goals, to reduce imports of primary energy resources, stimulate the local and regional sustainable development, create employment throughout new jobs, reduce the environmental pollution by minimizing emissions. In this paper we intend to analyze the tools used in Romania for the purpose of promoting the production of energy from renewable sources, the green certificates market, the share of renewable energy in gross inland consumption, the fulfillment degree of the target and their reflection in the annual financial statements of energy production companies listed on the Bucharest Stock Exchange.

Suggested Citation

  • Leontina Păvăloaia & Iuliana Georgescu, 2014. "The System Of Green Certificates - Promoter Of Energy From Renewable Resources," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(16), pages 1-16.
  • Handle: RePEc:alu:journl:v:1:y:2014:i:16:p:16
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1620141/16.pdf
    Download Restriction: no

    More about this item

    Keywords

    green certificate; renewable energy sources; sustainable development;

    JEL classification:

    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:1:y:2014:i:16:p:16. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.