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The Role Of Mandatory Obligations In Financing The Transformation Of The European Energy Sector

Author

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  • Geanina Iulia BO?OTEANU (RADACINA)

    (University of Craiova, Romania)

Abstract

The transition to a low-carbon, resource-efficient economy implies multiple environmental benefits. Financial stability is threatened by the consequences of climate change that can lead to major economic losses in case of droughts or floods, soil erosion. The financial system has an important role to play in tackling the impact of climate change by securing funding for green investment. The current level of investment is not enough to promote an environmentally sustainable economy and to combat climate change and depletion of resources. To achieve the objectives of the European Union, the Paris Agreement requires additional investment of € 180 billion, so more private capital flows need to be directed towards sustainable investment. In this context, the objective of the research is to determine the level and trends of financing through green bonds of the capital requirement for transforming the European energy sector into a sector that uses renewable energy to produce energy.

Suggested Citation

  • Geanina Iulia BO?OTEANU (RADACINA), 2019. "The Role Of Mandatory Obligations In Financing The Transformation Of The European Energy Sector," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 87-95.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:87-95
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    More about this item

    Keywords

    climate change; green investment; sustainable economy; green bonds; european energy system;
    All these keywords.

    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
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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