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Risk Management In The Romanian Energy Sector In An Increasingly Uncertain European Context

Cristina Necula ()
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Cristina Necula: Advanced Studies, Romanian Academy, Calea Victoriei, Bucharest, Romania

Manager Journal, 2016, vol. 24, issue 1, 50-60

Abstract: In the current European context, the development of the renewable energy sector stays under the sign of the subsidies from the state. The renewable energy sector is developing fast, but needs subsidies to be competitive. The renewable technology is not mature enough and cannot compete with the classic power plants technology based on fossil fuel. The European energy sector is in a process of restructuring aiming to a carbon free and clean energy. The energy transition aims to reduce the greenhouse emission in order to limit the global warming to maximum 2°C until 2030. As part of the European Union, Romania has a role in the battle with decarbonazition and has to participate to the reduction of greenhouse emissions by contributing at the European Energy Union common targets. The management process has to be developed by the government. The state policy implementation involves a laborious undertaking planning objectives in the context of available technologies and energy market competition accentuation.

Keywords: state policy; energy security; energy union; renewable energy; greenhouse emission; energy security risks; green certificate scheme (search for similar items in EconPapers)
Date: 2016
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