ROMANIA'S JUST TRANSITION: COMPARATIVE INSIGHTS AND BEST PRACTICES FROM EU MEMBER STATES

Alina Ligia Dumitrescu ()
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Alina Ligia Dumitrescu: Institute for World Economy, Romanian Academy

Global Economic Observer, 2024, vol. 12, issue 1, 38-50

Abstract: This article analyses recent European Commission regulations, and working documents as well as a selective literature on just transition. Our research also presents examples of best practices from various Member States. This research focuses on the just and green transition impact on the labour market development in Romania. Withal, the outlook of the circular economy is analysed, as an essential component of the green economy, in the context of the just transition in Romania. In Romania, the just transition is accompanied by opportunities, but it should not neglect the challenges. The acceleration of the process of phasing out the consumption of fossil fuels and the development of zero-emission technologies generate significant pressures on the labour market and the regional and county economies. The main objectives of this article are to analysis the consequences of a just transition in the EU and to identify solutions and formulate recommendations for Romania. The main findings of our research show that the just transition process depends on restructuring and building new competitive advantages by diversifying the local economy and startup sector development. The public policies should stimulate good governance and partnerships between municipalities, universities, and private firms, as well as cooperation between trade unions and local authorities.

Keywords: just transition; best practices; circular economy; European Union; Romania (search for similar items in EconPapers)
JEL-codes: J2 J24 J48 Q2 Q52 (search for similar items in EconPapers)
Date: 2024-06
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol12-iss1-38-50

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