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The Management Of Energy Resources. Transforming Natural Resources Into Economic Goods

Author

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  • Alexandra Diala

    (The Romanian Academy, Romania)

Abstract

The management of energy resources, as a component of modern management, has become one of the most important pillars in the context of European energy policy, in order to have more competitive European companies, economies, and to a large extent - states. The purpose of this paper is to bring to attention the necessity to take steps forward to create a strong link between resources and development, which is essential if one state aims to create a sustainable and brighter future. A weak management of energy affects energy prices, emissions targets, and legislation, all of which lead to several compelling reasons why, at all levels one state should focus on saving energy: in businesses, public-sector/government organizations, and homes. The energy industry is one of the most capital-consuming industries in the world. Relatively higher energy prices place a drag on economic growth everywhere except in economies that are dominated by energy production. The Romanian main energy institutions, next to the Ministry of Energy, are acting to the improvement of energy efficiency, the reduction of greenhouse gas emissions, proceeding on maintaining the energy prices stable and the promotion of the renewable energy sources.

Suggested Citation

  • Alexandra Diala, 2016. "The Management Of Energy Resources. Transforming Natural Resources Into Economic Goods," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 24(1), pages 7-13, December.
    • Handle: RePEc:but:manage:v:24:y:2016:i:1:p:7-13
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