THE ROLE OF GREEN CERTIFICATES IN BUILDING A SUSTAINABLE ENERGY FUTURE

Neculița Cristina () and Moisescu Florentina ()
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Neculița Cristina: University Dunarea de Jos din Galati, Romania
Moisescu Florentina: University Dunarea de Jos din Galati, Romania

Management Strategies Journal, 2021, vol. 54, issue 4, 44-52

Abstract: The purpose of this paper is to harness green certificates that represent an additional gain gained by renewable energy producers and delivered to the grid to achieve a desirable outcome in the energy future. In this paper we start from the meaning of green certificates and we end up creating the analysis of the evolution of the green certificate market in Romania, but also seen from a European point of view. Descriptive analysis has been used to carry out this research in order to delineate a number of concepts, such as the importance, the role of green certificates trading and their evolution using the historical method. The historical method was used through the evolution of the number of green certificates traded and their price on the market. The main results are the slight increases in the annual mandatory green certificates purchase quota, which can demonstrate the profitability of a good trading of these certificates on the market, since the market demand for certificates is high, the number of trades increases thus determining the price due to the demand. The state provides green certificates to electricity producers, support schemes from which they can benefit and promote renewable energy on the romanian market.

Keywords: green certificates; renewable sources; trading green certificate; green energy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:54:y:2021:i:4:p:44-52

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