 COST - EFFECTIVENESS ANALYSIS IN CONTEXT OF THE NEW LEGISLATION ON ENERGY EFFICIENCYIonescu Sas Mihaela ()
Annals of Faculty of Economics, 2015, vol. 1, issue 1, 214-223 Abstract: In this paper the author presents some aspects of a broader analysis on the macroeconomic effects it generates new energy regulations on energy efficiency in the European Union. Are presented for this purpose EU targets for achieving targets 20% reduction in energy consumption by 2020 and improve the prospect of cuts in 2030. In a time when environmental concerns, economic and social becoming increasingly important, being represented by climate change or the endangering energy security, resource depletion or ability to pay energy bills, reduce energy consumption in buildings and industrial sector of strategic importance, both nationally and internationally. In addition to efforts to build new buildings and industrial facilities with low energy requirements, obtained from conventional sources of energy is essential to address the high levels of consumption of existing buildings and facilities. Improving the energy efficiency of the existing buildings and facilities is essential not only for achieving national targets for energy efficiency in the medium term, but also to meet long-term objectives of the strategy on climate change and the transition to a competitive, low carbon dioxide by 2030. The analysis consists in determining and assessing costs, benefits on energy efficiency in the European Union and national level. In Romania the gradual liberalization of the electricity market and gas is unsustainable in the context of the energy sector, which faces a variety of challenges, including high energy losses. In the medium term, the energy market liberalization leads to an appreciable increase in electricity prices, gas and heat, a process that takes place very late and that will put high pressure on the capacity of all energy consumers (industrial and residential) to pay energy bills. An obvious solution, but not convenient, is to reduce energy consumption through energy efficiency or by reducing energy losses. The article ends with the development of recommendations aimed at contributing to building a system of energy efficient, safe, competitive, to ensure affordable energy to consumers, reduce dependency on energy imports and to create new opportunities for economic growth. Keywords: direct; market energy consumption; energy efficiency; economic growth; liberalization (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2015:i:1:p:214-223 Access Statistics for this article More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC. |
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