PROGRESS ASSESSMENT ON RENEWABLE ENERGY ACROSS THE EUROPEAN UNION: POTENTIAL AND CHALLENGES OF REACHING THE TARGETS OF THE 2020 HORIZON

Marcel Pirvu ()
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Marcel Pirvu: Faculty of Economics Babes-Bolyai University, Cluj-Napoca, Romania

Interdisciplinary Management Research, 2015, vol. 11, 891- 903

Abstract: This paper is trying to offer an overview on EU member states’ efforts to comply with the 2009/28/EC Directive and to reach the targets set for 2020. We have discussed regulatory framework, support instruments and investment incentives, and reviewed the development potential of renewable energy sources across the EU and the challenges they have to face in order to be a sustainable alternative to hydrocarbons. Conclusion is a balance sheet of problems spotted and the potential that needs to be exploited for the strategic objectives to be met.

Keywords: renewable energy; sustainable development; energy strategy; energy security (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q28 Q42 (search for similar items in EconPapers)
Date: 2015
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