ANALYSIS OF THE RENEWABLE ENERGY SUBSIDIES ADOPTED BY ROMANIA AND THEIR SOCIAL AND ECONOMIC IMPACT

Andrei Covatariu, Asser Khamis and Andreea Ileana Zamfir

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2015, vol. 9, issue 1, 958-967

Abstract: This paper analyzes the support subsidies adopted by Romania and by the other members of the European Union in order to align the 20 20 by 2020 energy policy formulated in early 2008 by the European Commission, whose goal is, inter alia, to achieve a 20% share of renewable energy out of the total electricity consumption in Europe. The adoption and management of the support subsidies are the duties of each Member State, which have the right to change, along the way, the legislative coordinates. This document examines the legislative measures taken by Romania in order to achieve the quota proposed by the EU, the socio-economic implications, the proposed legislative changes and the legal framework prospects in which the renewable energy industry operates. This paper includes the comparative study of measures assumed by Romania and those adopted by other European Union members.

Keywords: energy consumption; renewable energy; Romania; subsidies; support scheme (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:9:y:2015:i:1:p:958-967

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