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Analyze of Green Market Certificate, Case Study Romania

Author

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  • Adrian Georgian ARDELEANU

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

According with the assessment of numerous international bodies energy needs of industrialized countries will increase by approximately 60% by 2030, the same estimates show that oil demand will be more than 115 million barrels in 2020. On the other hand oil and gas reserves are unevenly distributed around the globe, and the largest reserves are situated in politically or economically insecure regions, therefore due to increasing consumption of energy is necessary orientation to use non-conventional forms of energy, beside to ensure a share of renewable in the energy consumption by at least 20% by 2020, European Union setting national targets for each Member State. Despite of advantages offer by green energy for environment, the cost of operating are still high, leading to the increasing of electricity price to the final consumptions. Therefore in order to stimulate the green energy the governments support the production of green energy thought a range of incentives, the paper aim is to analyze the market of green certificate as well as the actual context that offer real premises for development of this.

Suggested Citation

  • Adrian Georgian ARDELEANU, 2011. "Analyze of Green Market Certificate, Case Study Romania," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 1-9, December.
    • Handle: RePEc:spp:jkmeit:1192
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