OVERVIEW OF THE ROMANIAN FOSSIL FUEL MARKET BETWEEN 2002 AND 2012

Alina Zaharia
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Alina Zaharia: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, BUCHAREST, ROMANIA

Annals - Economy Series, 2015, vol. 2, 377-383

Abstract: In a context in which the energy needs seems to increase fast and the limited stocks of fossil fuels can generate negative impacts on human society, biodiversity and environment, the policy makers proposed several economic models for achieving sustainable development, like green economy, which appears to promote the necessity of decreasing fossil fuel consumption and of increasing energy savings. This paper aims to emphasize the evolution of fossil fuel market, and the electricity generated from fossil fuels since 2002, and especially after 2010, when in Romania were taken some measures for implementing the principles of green economy. In order to see their effects, this research presents an historical analysis for Romania based on the data obtained from European Commission and Romanian Institute of Statistics. The results indicate decreasing trends of primary energy production and consumption, and decreasing trends of electricity generation from fossil fuels due to the more and more use of renewable and nuclear energy sources. The results highlight the need of taking more actions in the energy sector by promoting even more the renewable energy production and consumption for reducing the fossil fuel use, and by promoting, also, a more efficient use of fossil fuel resources for a sustainable future.

Keywords: fossil fuels; electricity generated from fossil fuels; energy regulation; green economy; historical data analysis; Romania (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:2:p:377-383

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