TRANSITION TO A LOW CARBON ECONOMY IN ROMANI

Abstract

The EU Roadmap for moving to a competitive low carbon economy in 2050 states a potential of 85% emission reductions in industry by 2050. The industry is unlikely to meet this target without a major change in the policy frame. The purpose of this article is to assess the potential of the transition to a low carbon economy in Romania including a macroeconomic outlook and to offer some recommendations. Climate challenges rarely appear in the mass-media in Romania. There is no fundamental environmental education, and the media is uninterested in these issues because they do not sell. The environment receives only occasional attention; the primary concerns are about the energy supply and prices. Romania needs to increase knowledge transfer in this context. This change may be done by establishing tactics that combine techniques for reducing environmental impact and communicating the benefits of this process. At this time when innovation and sustainability are two of the most important key elements of the energy transition, it is more important than ever to maintain transparency and better consultation among all decision-makers by focusing on integrated efficiency issues that include economic, social, environmental, and climate change mitigation.