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Filip Cirlea and Iulian Iancu

Revista Economica, 2012, vol. Supplement, issue 1, 166-176

Abstract: Renewable energy sources (solar power, wind power, hydroenergy, biomass, biofuels) with energy efficiency contribute to increasing security of electricity supply, competitiveness and sustainable development. The countries of the Central and South-East Europe region must to develop a focus on alternative energy sources and on energy efficiency and energy saving. Developing the renewable energy sector in a sustainable manner in the Central and South-East Europe region would enhance security of supply, reduce greenhouse gas emissions and create jobs in the area. Renewable energy sources move to the centre of the energy mix in Europe, from technology development to mass production and deployment, integrating local and more remote sources, from subsidized to competitive. Investment in European Union wind farms, in 2011, was 12.6 billion , a similar figure to 2010; the onshore wind power sector attracted 10.2 billion. Hydropower still ranks first among renewable energy sources and currently accounts for almost 90% of renewable electricity production worldwide. The planet has yet to achieve its full hydroelectric potential - at about 15,000 TWh, its potential is 3 times higher than current levels. Biomass electricity is responsible for 19.1%, against solar electricity for 8.5%; biomass has a big economic potential. The main objective of the Central and South-East Europe Regional Centre of Renewable Energy is to maintain a community and regional policy and legislative proposals, specifically with regard to the integration of renewable energy sources into the electricity grid region, and to find value opportunities investments and ways to leverage innovations and technologies in renewable. Romania has a good natural potential for all renewable sources. To reach at economic practicability of renewable energy sources, Romania accelerates the development of the national RES industry and removes several legal and administrative barriers. Romanian RES framework as European Support Schemes is Green Certificate and Quota Obligations. The target for the share of energy from renewable sources in gross final consumption of energy in the year 2020 is 24%. Romania promotes environmental leadership, and considers energy preservation to be a cornerstone for the reduction of the climate changes impact.

Date: 2012
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Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:166-176