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Accounting Changes on Green Certificates in Romania

Author

Listed:
  • Sava Raluca

    (†Lucian Blaga†University of Sibiu)

Abstract

The purpose of green certificates is to get more renewable electric energy into the energy market at the expense of traditional energy, which in most countries is based on fossil fuel. These renewable technologies are too expensive to enter the market on commercial terms. A key feature of the scheme is that producers of energy based on new renewable energy sources receive certificates from the authorities, proportional to their output. The users of electric energy are required to buy a certain amount of these certificates when they buy electricity. Green certificates may in principle contribute to a reduction of the production of traditional energy.

Suggested Citation

  • Sava Raluca, 2017. "Accounting Changes on Green Certificates in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 644-648, December.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:644-648
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/28.pdf
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    More about this item

    Keywords

    green certificates; accounting; renewable energy;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • 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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