ENVIRONMENTAL IMPACT ABOVE ORGANIZATION’S PERFORMANCE Case study ROMGAZ GROUP & ROMANIAN NAVY
ENVIRONMENTAL IMPACT ABOVE ORGANIZATION’S PERFORMANCE Case study ROMGAZ GROUP & ROMANIAN NAVY

Summary/Abstract: Climate change and environmental degradation are an existential threat to civilization. Before the Pandemic and the War on Ukraine the growing concern about the environment and the realization that organizations are the major contributors of harmful emissions and waste as well as major consumers of resources, have resulted in the adoption of the European Green Deal [1]. To overcome climate change and environmental degradation, the European Green Deal was set to transform the EU into a modern, resource-efficient and competitive economy, ensuring no net emissions of greenhouse gases by 2050, economic growth decoupled from resource use and all that by teamwork with no person and no country left behind. The European Green Deal is also our lifeline out of the COVID-19 pandemic. The long-term effects of the COVID-19 pandemic [2], associated government and private sector’s responses on the environment, are linked to the impact of sectoral and regional shocks to the economy until 2040 to a range of environmental pressures, including greenhouse gas emissions, emissions of air pollutants, the use of raw materials and land use change. The impacts of the pandemic on economic activity are not clearly distilled yet. While many countries are now relying on vaccination and improved treatments, China has stuck to a policy of lockdowns and other restrictions (zero-COVID strategy). In addition, recovery packages are still evolving/in progress in many countries. Furthermore, the success of vaccine campaigns implies that there is a higher chance of becoming endemic, the speed with which life “returns to normal” remains to be seen. Last but not least, Russia's war started on February 24 puts additional pressure on a still fragile economic system and lots of challenges lie ahead. Spiking commodity prices combined with significantly higher energy prices following invasion of Ukraine means the spectre of inflation and insecurity looms large and therefore Romania’s efforts to build a resilient economic recovery from COVID-19 just got harder. In the current geo-political context it’s high time for Romania to rise above the times and through smart and timely investments and actions such as those described in this case study to benefit from the strategic relevance of the Black Sea and, with an integrated approach, become a provider of security, energy and food for Europe.

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