The Advantages of Energy Efficiency Projects and Their Impact on the Economy of Romania and the EU
The Advantages of Energy Efficiency Projects and Their Impact on the Economy of Romania and the EU

Author(s): Marius Petre Bogdan, Dragos-Daniel Dendrino
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Energy efficiency; Economic impact; Sustainability; EU Climate Policies; Renewable energy
Summary/Abstract: Energy efficiency projects play an essential role in shaping a more sustainable and competitive economy in Romania and across the European Union (EU). Reducing energy consumption and greenhouse gas emissions, these initiatives help combat climate change and generate new jobs, enhance living standards, and drive technological advancements. With the EU setting ambitious climate targets, Romania faces the pressing need to implement large-scale energy efficiency programs. This paper researches the benefits and economic implications of these projects at both the national and European levels, using a multidisciplinary perspective that considers economic, environmental, and social factors. The findings underscore the importance of well-defined policies and robust funding mechanisms to unlock the full potential of energy efficiency measures.

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