IDEAS home Printed from https://ideas.repec.org/a/brc/brccej/v3y2018i1p96-104.html

The Management Of Green Certificates In Romania

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.revec.ro/papers/180110.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2011. "The first step towards a 100% renewable energy-system for Ireland," Applied Energy, Elsevier, vol. 88(2), pages 502-507, February.
    2. Barbier,Edward B., 2010. "A Global Green New Deal," Cambridge Books, Cambridge University Press, number 9780521132022.
    3. Thiam, Djiby-Racine, 2010. "Renewable decentralized in developing countries: Appraisal from microgrids project in Senegal," Renewable Energy, Elsevier, vol. 35(8), pages 1615-1623.
    4. Deichmann, Uwe & Meisner, Craig & Murray, Siobhan & Wheeler, David, 2011. "The economics of renewable energy expansion in rural Sub-Saharan Africa," Energy Policy, Elsevier, vol. 39(1), pages 215-227, January.
    5. Thompson, Shirley & Duggirala, Bhanu, 2009. "The feasibility of renewable energies at an off-grid community in Canada," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2740-2745, December.
    6. Brunnschweiler, Christa N., 2010. "Finance for renewable energy: an empirical analysis of developing and transition economies," Environment and Development Economics, Cambridge University Press, vol. 15(3), pages 241-274, June.
    7. Lund, Henrik & Østergaard, Poul Alberg & Stadler, Ingo, 2011. "Towards 100% renewable energy systems," Applied Energy, Elsevier, vol. 88(2), pages 419-421, February.
    8. Langhamer, Olivia & Haikonen, Kalle & Sundberg, Jan, 2010. "Wave power--Sustainable energy or environmentally costly? A review with special emphasis on linear wave energy converters," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(4), pages 1329-1335, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriela, PICIU, 2017. "Sustainability Renewable Energy Production," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(1), pages 5-12.
    2. Calise, Francesco & Cipollina, Andrea & Dentice d’Accadia, Massimo & Piacentino, Antonio, 2014. "A novel renewable polygeneration system for a small Mediterranean volcanic island for the combined production of energy and water: Dynamic simulation and economic assessment," Applied Energy, Elsevier, vol. 135(C), pages 675-693.
    3. Liu, Wen & Hu, Weihao & Lund, Henrik & Chen, Zhe, 2013. "Electric vehicles and large-scale integration of wind power – The case of Inner Mongolia in China," Applied Energy, Elsevier, vol. 104(C), pages 445-456.
    4. Rakel Kristjansdottir & Henner Busch, 2019. "Towards a Neutral North—The Urban Low Carbon Transitions of Akureyri, Iceland," Sustainability, MDPI, vol. 11(7), pages 1-16, April.
    5. Rodrigues, E.M.G. & Godina, R. & Santos, S.F. & Bizuayehu, A.W. & Contreras, J. & Catalão, J.P.S., 2014. "Energy storage systems supporting increased penetration of renewables in islanded systems," Energy, Elsevier, vol. 75(C), pages 265-280.
    6. Muhammad Faizan Tahir & Haoyong Chen & Muhammad Sufyan Javed & Irfan Jameel & Asad Khan & Saifullah Adnan, 2019. "Integration of Different Individual Heating Scenarios and Energy Storages into Hybrid Energy System Model of China for 2030," Energies, MDPI, vol. 12(11), pages 1-20, May.
    7. Gomes, R.P.F. & Henriques, J.C.C. & Gato, L.M.C. & Falcão, A.F.O., 2012. "Multi-point aerodynamic optimization of the rotor blade sections of an axial-flow impulse air turbine for wave energy conversion," Energy, Elsevier, vol. 45(1), pages 570-580.
    8. David Maya-Drysdale & Louise Krog Jensen & Brian Vad Mathiesen, 2020. "Energy Vision Strategies for the EU Green New Deal: A Case Study of European Cities," Energies, MDPI, vol. 13(9), pages 1-20, May.
    9. Thé, Jesse & Yu, Hesheng, 2017. "A critical review on the simulations of wind turbine aerodynamics focusing on hybrid RANS-LES methods," Energy, Elsevier, vol. 138(C), pages 257-289.
    10. Ian Rowlands, 2011. "Ancillary impacts of energy-related climate change mitigation options in Africa’s least developed countries," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 16(7), pages 749-773, October.
    11. Dominković, D.F. & Bačeković, I. & Ćosić, B. & Krajačić, G. & Pukšec, T. & Duić, N. & Markovska, N., 2016. "Zero carbon energy system of South East Europe in 2050," Applied Energy, Elsevier, vol. 184(C), pages 1517-1528.
    12. Rowlands, Ian, 2011. "Co-impacts of energy-related climate change mitigation in Africa’s least developed countries: the evidence base and research needs," LSE Research Online Documents on Economics 37575, London School of Economics and Political Science, LSE Library.
    13. Wang, Junye, 2015. "Barriers of scaling-up fuel cells: Cost, durability and reliability," Energy, Elsevier, vol. 80(C), pages 509-521.
    14. Bimal Kumar Dora & Sunil Bhat & Arghya Mitra & Damien Ernst & Adrian Halinka & Daria Zychma & Pawel Sowa, 2025. "The Global Electricity Grid: A Comprehensive Review," Energies, MDPI, vol. 18(5), pages 1-39, February.
    15. Bandar Jubran Alqahtani & Dalia Patino-Echeverri, 2023. "Identifying Economic and Clean Strategies to Provide Electricity in Remote Rural Areas: Main-Grid Extension vs. Distributed Electricity Generation," Energies, MDPI, vol. 16(2), pages 1-18, January.
    16. Hepbasli, Arif, 2011. "A comparative investigation of various greenhouse heating options using exergy analysis method," Applied Energy, Elsevier, vol. 88(12), pages 4411-4423.
    17. Oropeza-Perez, Ivan & Østergaard, Poul Alberg, 2014. "Potential of natural ventilation in temperate countries – A case study of Denmark," Applied Energy, Elsevier, vol. 114(C), pages 520-530.
    18. Ma, Tao & Østergaard, Poul Alberg & Lund, Henrik & Yang, Hongxing & Lu, Lin, 2014. "An energy system model for Hong Kong in 2020," Energy, Elsevier, vol. 68(C), pages 301-310.
    19. Modhurima Dey Amin & Syed Badruddoza & Jill J. McCluskey, 2021. "Does conventional energy pricing induce innovation in renewable energy? New evidence from a nonlinear approach," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 659-679, June.
    20. Tokimatsu, Koji & Höök, Mikael & McLellan, Benjamin & Wachtmeister, Henrik & Murakami, Shinsuke & Yasuoka, Rieko & Nishio, Masahiro, 2018. "Energy modeling approach to the global energy-mineral nexus: Exploring metal requirements and the well-below 2 °C target with 100 percent renewable energy," Applied Energy, Elsevier, vol. 225(C), pages 1158-1175.

    More about this item

    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

    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:brc:brccej:v:3:y:2018:i:1:p:96-104. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.