Implementation of Energy Efficiency Improvement Measures in Romania and the Role of Professional Accountants

Daniela Artemisa Calu, Adriana Ana Maria Davidescu, Alina Mihaela Irimescu, Corina-Graziella Batca Dumitru and Viorel Avram ()
Additional contact information
Daniela Artemisa Calu: Bucharest University of Economic Studies, Romania
Adriana Ana Maria Davidescu: Bucharest University of Economic Studies, Romania
Alina Mihaela Irimescu: Bucharest University of Economic Studies, Romania
Corina-Graziella Batca Dumitru: Bucharest University of Economic Studies, Romania
Viorel Avram: Bucharest University of Economic Studies, Romania

The AMFITEATRU ECONOMIC journal, 2023, vol. 25, issue 63, 479

Abstract: Energy efficiency is one of the main objectives of the European Union's policy. Organisations are trying to implement various measures to improve energy efficiency to optimise their business models. Professional accountants prepare the financial and nonfinancial information of the organisations. In this context, the objectives of the document are: (i) to assess progress in the implementation of energy efficiency improvement measures (EEIMs) within some Romanian organisations and (ii) to assess the usefulness of energy efficiency improvement measures and the perceived impact of these measures on the organisation. In this regard, exploratory research was carried out based on a questionnaire to which 445 professional accountants from Romania responded. The research results indicate that the most frequently implemented measure to increase energy efficiency for organisations in Romania is the purchase of equipment/computers with a lower energy consumption. Furthermore, there are differences in the implementation of each measure, depending on the size of the organisation and the activity sector. The implementation of all energy efficiency improvement measures, evaluated based on an original composite indicator, is achieved at an average level, and it is more frequent in the trade sector (except the construction products sector), services sector (except the architecture sector, consultancy in construction, engineering) and manufacturing sector, as well as in micro, medium, and large entities. Furthermore, professional accountants believe that the most useful measure of improving energy efficiency that an organisation could implement is the use of assets that belong to the highest class of energy efficiency. Our research helps identify the most practical measures that the state can adopt and that organisations can implement to improve energy efficiency.

Keywords: Energy efficiency; energy efficiency improvement measures (EEIMs); professional accountants; European Union; Romania. (search for similar items in EconPapers)
JEL-codes: M40 Q40 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_3209.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:25:y:2023:i:63:p:479

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().