Good prospects for green energy in Romania
EU has to attain the strategic objectives for 2020: 20% of energy from renewable sources, cutting the emissions of greenhouse gases by 20% and diminishing the dependence on imported fuels, that is why in the last years European Commission has decided that MS should increase the flexibility of progra...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2013-05-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_014.pdf |
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| _version_ | 1849235830340583424 |
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| author | Mariana Papatulica Petre Prisecaru |
| author_facet | Mariana Papatulica Petre Prisecaru |
| author_sort | Mariana Papatulica |
| collection | DOAJ |
| description | EU has to attain the strategic objectives for 2020: 20% of energy from renewable sources, cutting the emissions of greenhouse gases by 20% and diminishing the dependence on imported fuels, that is why in the last years European Commission has decided that MS should increase the flexibility of programs to promote green energy and cut subsidies. Although wind and solar energy have become more competitive in terms of cost in the last two decades, many production technologies need to be improved, also storage and transport capacities. Romania has an important potential of renewable energy resources and has introduced a functional mechanism for supporting their development based on a system of mandatory quotas for electricity, combined with trading a number of green certificates, but all the costs are transferred to the consumers.This system may carry an overcompensation for the investors and also an excessive burden on the consumers. Most investments were made in wind and hydro, the fewest in solar and biomass. Market liberalization may create more competition and stimulate the investments in different renewable resources. |
| format | Article |
| id | doaj-art-6da4fa55a69e490687cbda35edbc1255 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2013-05-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-6da4fa55a69e490687cbda35edbc12552025-08-20T04:02:37ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502013-05-0111117125Good prospects for green energy in RomaniaMariana PapatulicaPetre PrisecaruEU has to attain the strategic objectives for 2020: 20% of energy from renewable sources, cutting the emissions of greenhouse gases by 20% and diminishing the dependence on imported fuels, that is why in the last years European Commission has decided that MS should increase the flexibility of programs to promote green energy and cut subsidies. Although wind and solar energy have become more competitive in terms of cost in the last two decades, many production technologies need to be improved, also storage and transport capacities. Romania has an important potential of renewable energy resources and has introduced a functional mechanism for supporting their development based on a system of mandatory quotas for electricity, combined with trading a number of green certificates, but all the costs are transferred to the consumers.This system may carry an overcompensation for the investors and also an excessive burden on the consumers. Most investments were made in wind and hydro, the fewest in solar and biomass. Market liberalization may create more competition and stimulate the investments in different renewable resources.http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_014.pdfgreenrenewableresourcecertificatewindsolarbiomasshydromarketliberalizationcompetition |
| spellingShingle | Mariana Papatulica Petre Prisecaru Good prospects for green energy in Romania Global Economic Observer green renewable resource certificate wind solar biomass hydro market liberalization competition |
| title | Good prospects for green energy in Romania |
| title_full | Good prospects for green energy in Romania |
| title_fullStr | Good prospects for green energy in Romania |
| title_full_unstemmed | Good prospects for green energy in Romania |
| title_short | Good prospects for green energy in Romania |
| title_sort | good prospects for green energy in romania |
| topic | green renewable resource certificate wind solar biomass hydro market liberalization competition |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_014.pdf |
| work_keys_str_mv | AT marianapapatulica goodprospectsforgreenenergyinromania AT petreprisecaru goodprospectsforgreenenergyinromania |