THE ELECTRICITY MARKET OF HUNGARY AND ROMANIA IN THE PAST FIVE YEARS

Margit Csipkés ()
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Margit Csipkés: University of Debrecen, Faculty of Sectoral Economics and Methodology, Department of Research Methodology and Statistics, Debrecen, Hungary

Annals of Faculty of Economics, 2017, vol. 1, issue 2, 300-311

Abstract: The European Parliament and 2009/28/EK Council Directive sets mandatory targets for energy from renewable energy sources for EU Member States. As much of the energy management of Hungary and Romania is currently based on fossil energy sources, so that CO2 emissions are only slightly reduced compared to the previous period. In order to reduce the volume of greenhouse gases, both countries should increasingly involve renewable energy sources in their energy management. Renewable energy sources are durable energies that are constantly reproduced and therefore inexhaustible. Alternative energy sources include solar energy, wind energy, hydropower, geothermal energy and biomass in different forms. The importance of renewable energy sources is that their use is in line with the principles of sustainable development, as opposed to the use of non-renewable energy sources, does not cause cumulative adverse effects such as greenhouse effect, air pollution, water pollution. Not only because of the global warming crisis, but also because of the temporal overcrowding of global oil production, it is also necessary to separate from non-renewable resources.

Keywords: renewable energ; wind energy; biomass; solar energy; electricity; Hungary; Romania. (search for similar items in EconPapers)
JEL-codes: Q4 (search for similar items in EconPapers)
Date: 2017
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