Relevance of Economic Instruments Used in Sustainable Development Process

Sorina-Geanina Mărgărit (Stănescu) () and Nicoleta-Cornelia Bran (Stan) ()
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Sorina-Geanina Mărgărit (Stănescu): “Valahia” University of Târgoviște, Romania
Nicoleta-Cornelia Bran (Stan): “Valahia” University of Târgoviște, Romania

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 3, 155-166

Abstract: The interaction between environmental, economic and social factors influences the ecological balance and generates the change of living conditions and those of socio-economic development. One of the essential conditions for building a sustainable economic development is the identification and implementation of active or voluntary instruments to influence economic and social activity towards ensuring their sustainability. In this paper, we intend to introduce the tools used in the process of sustainable development, which have a key role in adopting an environmentally responsible behavior. The results of this study are represented by the drafting of the advantages and disadvantages of using these economic and financial instruments. The purpose of this paper is to present the evolution of costs for environmental protection and the relevance of instruments used at the national level in environmental protection.

Keywords: taxes; environmental fund; sustainable development; standards; environment; pollution (search for similar items in EconPapers)
JEL-codes: H23 Q01 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:11:y:2011:i:3:p:155-166

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