EVALUATION OF THE RISK OF FINANCING PROJECTS OF ENVIRONMENTAL PROTECTION

Gabriela Piciu, Gheorghe Manolescu, Florin Razvan Balasescu, Georgiana Chitiga, Catalin Dragoi, Iuliana Predescu, Mioara Borza and Alina Picu
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Gheorghe Manolescu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Florin Razvan Balasescu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Catalin Dragoi: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Iuliana Predescu: Romanian-American University, Bucharest, Romania
Mioara Borza: Al. I. Cuza University, Iasi, Romania
Alina Picu: Spiru Haret University, Bucharest, Romania

Studii Financiare (Financial Studies), 2012, vol. 16, issue 1, 132-143

Abstract: The research project approaches multidimensionally the financing of environmental protection from the perspective of directing, correlating and consolidating the financial flows circumscribed to the regeneration of an economy affected by environmental deterioration due to the very activities defining the economic mechanisms and circuits. The purpose of the project is to identify, by scientific, methodological and empirical analysis of the concepts, principles and arguments imposed by the economic theory, the risks of financing the projects of environmental projects and to evaluate their effects because their neglecting, individual approach or erroneous dimensioning might have unfavourable and unforeseen consequences in terms of the efficiency of the environmental strategies and policies. The objective of the study is the reveal the interdependency and interaction between the flows and circuits financing the environmental projects, showing the necessity for punctual, distributive, correlative and multiplicative financing of the environmental protection. This must be done from an expanded and prospective spatial and temporal vision by a compositional approach of the risk for environmental investments within the complex network of the social, economic and financial risks generated by the global system of the human praxis focused on the binomial of the human-environment interdependence.

Keywords: risks of financing; financing per project; investments in environmental protection (search for similar items in EconPapers)
JEL-codes: Q56 (search for similar items in EconPapers)
Date: 2012
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