INVESTMENT FOR THE GREEN ECONOMY– A SOLUTION FOR SUSTAINABLE DEVELOPMENT AND FOR GETTING OUT OF CURRENT ECONOMIC CRISIS

Prof. Ana Popa Ph. D
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Prof. Ana Popa Ph. D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 1-8

Abstract: This article discuss about the importance of green economy investments, both in terms of sustainable development, and also in terms of environmental projects that can be a solution for getting out of current economic crisis. In the first part the article analyzes the evolution of environmental investments in Romania after EU accession. The environmental policy in Romania has been influenced by the European Union's financial instruments to support environment. This study reveals some progress in this direction, but also points out the amount of difficulties in launching and implementation of investment projects, through the Sectoral Operational Program Environment - SOP ENV. The Romanian political leaders and the general public are beginning to perceive and to accept the idea of green economy, and environmental activities will soon become a , because the investments on environmental and green economy are both the cause and effect for all three components of sustainable development: natural, economic and social.

Keywords: investment; green economy; crisis; Romania (search for similar items in EconPapers)
JEL-codes: G01 H54 H57 O18 O44 Q50 Q56 Q58 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:8:p:1-8

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