Environmental sustainability between investments needs and financing possibilities in Romania

Sandor Simon (), Ana Popa and Laura Giurca Vasilescu

Finante - provocarile viitorului (Finance - Challenges of the Future), 2008, vol. 1, issue 8, 63-68

Abstract: The problem of the environmental becomes pressing and they have already concerned the international, regional and national organizations. At the international level, there is a new strategy of the United Nations included in the „Millennium Development Goals“(MDG). Besides, the integrated Europe underlines the fact that the environmental investment projects should be subscribed to the cohesion policy with a lot of objectives established by the Lisbon Strategy, from March 2000, underlying the territorial dimension. The sustainable development also needs the finding of financing solutions, adequate to the market economy mechanisms. Romania started the economic reform after 1990, but there are still many deficiencies in the achievement of the correlation between the social-economic developments and environmental sustainability. First of all, in Romania, the main idea is that the environmental sustainability must be integrated into core development work, maximizing synergies. Secondly, in the market economy, the instruments used to put into practice this strategy should be built as a portfolio of public and private projects. Third, these projects need the financing funds and the good ability to access these funds.

Keywords: environmental sustainability; investment decision; financial aid; structural funds (search for similar items in EconPapers)
JEL-codes: G00 G21 G28 G31 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/FPV/008-10.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:aio:fpvfcf:v:1:y:2008:i:8:p:63-68

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().