THE USE OF GREEN CERTIFICATES IN THE BANAT REGION

Perticas Diana - Claudia ()
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Perticas Diana - Claudia: Universitatea din Oradea, Universitatea din Oradea

Annals of Faculty of Economics, 2014, vol. 1, issue 2, 210-217

Abstract: The economy has developed and specialized itself in different fields of activity and great economists have had the possibility to observe the polluting effects of mankind’s activity (which nowadays develops its activity within some local, state and world business enterprises heading at present towards a globalization of the economic activity). Even though the harmful influence of the economic agent's activity on the environment has been noticed for over a century now, only in the last decades new span concepts and actions appeared, such as: sustainable development and national and international policies regarding the environment.Sustainable development pursues and tries to find a stable theoretical framework for making decisions in any situation in which a man/environment type relationship is found (whether it is about the environment or the economic or social medium) and it constitutes the main objective of sustainable development. At present, the concept comprises both the solving of the ecological crisis ensuring the quality of the environment and that of life quality in its complexity, including social and economic aspects. One of these solutions is the introduction of the "green certificates" concept. Its emergence led to the appearance of a competition in the field of energy production from renewable resources. Each green certificate must contain the following information: the quantity of produced energy and its source, a unique registration number and other additional information, if it is required. The validity period of the green certificate is the date on which the energy was already produced and consumed.

Keywords: green certificates; sustainable development; renewable energies (search for similar items in EconPapers)
JEL-codes: E01 F64 Q01 (search for similar items in EconPapers)
Date: 2014
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