IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v25y2023i63p479.html
   My bibliography  Save this article

Implementation of Energy Efficiency Improvement Measures in Romania and the Role of Professional Accountants

Author

Listed:
  • Daniela Artemisa Calu

    (Bucharest University of Economic Studies, Romania)

  • Adriana Ana Maria Davidescu

    (Bucharest University of Economic Studies, Romania)

  • Alina Mihaela Irimescu

    (Bucharest University of Economic Studies, Romania)

  • Corina-Graziella Batca Dumitru

    (Bucharest University of Economic Studies, Romania)

  • Viorel Avram

    (Bucharest University of Economic Studies, Romania)

Abstract

Energy efficiency is one of the main objectives of the European Union's policy. Organisations are trying to implement various measures to improve energy efficiency to optimise their business models. Professional accountants prepare the financial and nonfinancial information of the organisations. In this context, the objectives of the document are: (i) to assess progress in the implementation of energy efficiency improvement measures (EEIMs) within some Romanian organisations and (ii) to assess the usefulness of energy efficiency improvement measures and the perceived impact of these measures on the organisation. In this regard, exploratory research was carried out based on a questionnaire to which 445 professional accountants from Romania responded. The research results indicate that the most frequently implemented measure to increase energy efficiency for organisations in Romania is the purchase of equipment/computers with a lower energy consumption. Furthermore, there are differences in the implementation of each measure, depending on the size of the organisation and the activity sector. The implementation of all energy efficiency improvement measures, evaluated based on an original composite indicator, is achieved at an average level, and it is more frequent in the trade sector (except the construction products sector), services sector (except the architecture sector, consultancy in construction, engineering) and manufacturing sector, as well as in micro, medium, and large entities. Furthermore, professional accountants believe that the most useful measure of improving energy efficiency that an organisation could implement is the use of assets that belong to the highest class of energy efficiency. Our research helps identify the most practical measures that the state can adopt and that organisations can implement to improve energy efficiency.

Suggested Citation

  • Daniela Artemisa Calu & Adriana Ana Maria Davidescu & Alina Mihaela Irimescu & Corina-Graziella Batca Dumitru & Viorel Avram, 2023. "Implementation of Energy Efficiency Improvement Measures in Romania and the Role of Professional Accountants," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 479-479, April.
    • Handle: RePEc:aes:amfeco:v:25:y:2023:i:63:p:479
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_3209.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Arvanitis, Spyros & Hollenstein, Heinz & Lenz, Stephan, 2002. "The Effectiveness of Government Promotion of Advanced Manufacturing Technologies (AMT): An Economic Analysis Based on Swiss Micro Data," Small Business Economics, Springer, vol. 19(4), pages 321-340, December.
    2. Trianni, Andrea & Cagno, Enrico & Worrell, Ernst & Pugliese, Giacomo, 2013. "Empirical investigation of energy efficiency barriers in Italian manufacturing SMEs," Energy, Elsevier, vol. 49(C), pages 444-458.
    3. Argun, Irem Duzdar & Kayakutlu, Gulgun & Ozgozen, Neslihan Yilmaz & Daim, Tugrul U., 2021. "Models for Energy Efficiency Obligation Systems through different perspectives," Technology in Society, Elsevier, vol. 64(C).
    4. Andreoni, Valeria, 2020. "The energy metabolism of countries: Energy efficiency and use in the period that followed the global financial crisis," Energy Policy, Elsevier, vol. 139(C).
    5. Worrell, Ernst & Martin, Nathan & Price, Lynn, 2000. "Potentials for energy efficiency improvement in the US cement industry," Energy, Elsevier, vol. 25(12), pages 1189-1214.
    6. Anderson, Soren T. & Newell, Richard G., 2004. "Information programs for technology adoption: the case of energy-efficiency audits," Resource and Energy Economics, Elsevier, vol. 26(1), pages 27-50, March.
    7. Almus, Matthias & Czarnitzki, Dirk, 2003. "The Effects of Public R&D Subsidies on Firms' Innovation Activities: The Case of Eastern Germany," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(2), pages 226-236, April.
    8. Fawcett, Tina & Hampton, Sam, 2020. "Why & how energy efficiency policy should address SMEs," Energy Policy, Elsevier, vol. 140(C).
    9. Michael N. Taptich & Arpad Horvath & Mikhail V. Chester, 2016. "Worldwide Greenhouse Gas Reduction Potentials in Transportation by 2050," Journal of Industrial Ecology, Yale University, vol. 20(2), pages 329-340, April.
    10. Román-Collado, Rocío & Economidou, Marina, 2021. "The role of energy efficiency in assessing the progress towards the EU energy efficiency targets of 2020: Evidence from the European productive sectors," Energy Policy, Elsevier, vol. 156(C).
    11. Trianni, Andrea & Cagno, Enrico & De Donatis, Alessio, 2014. "A framework to characterize energy efficiency measures," Applied Energy, Elsevier, vol. 118(C), pages 207-220.
    12. Worrell, Ernst & Laitner, John A & Ruth, Michael & Finman, Hodayah, 2003. "Productivity benefits of industrial energy efficiency measures," Energy, Elsevier, vol. 28(11), pages 1081-1098.
    13. Lavinia Denisia Cuc & Corina Pelau & Silviu-Gabriel Szentesi & Grigorie Sanda, 2022. "The Impact of Green Marketing on the Consumers’ Intention to Buy Green Products in the Context of the Green Deal," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(60), pages 330-330, April.
    14. Dirk Czarnitzki & Bernd Ebersberger & Andreas Fier, 2007. "The relationship between R&D collaboration, subsidies and R&D performance: Empirical evidence from Finland and Germany," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(7), pages 1347-1366.
    15. Panait, Mirela & Apostu, Simona Andreea & Vasile, Valentina & Vasile, Razvan, 2022. "Is energy efficiency a robust driver for the new normal development model? A Granger causality analysis," Energy Policy, Elsevier, vol. 169(C).
    16. Backlund, Sandra & Thollander, Patrik, 2015. "Impact after three years of the Swedish energy audit program," Energy, Elsevier, vol. 82(C), pages 54-60.
    17. Su, Bin & Goh, Tian & Ang, B.W. & Ng, Tsan Sheng, 2022. "Energy consumption and energy efficiency trends in Singapore: The case of a meticulously planned city," Energy Policy, Elsevier, vol. 161(C).
    18. Trianni, A. & Cagno, E., 2012. "Dealing with barriers to energy efficiency and SMEs: Some empirical evidences," Energy, Elsevier, vol. 37(1), pages 494-504.
    19. Ang, B.W., 2006. "Monitoring changes in economy-wide energy efficiency: From energy-GDP ratio to composite efficiency index," Energy Policy, Elsevier, vol. 34(5), pages 574-582, March.
    20. Accordini, D. & Cagno, E. & Trianni, A., 2021. "Identification and characterization of decision-making factors over industrial energy efficiency measures in electric motor systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    21. Walker, Stephen P., 2016. "Revisiting the roles of accounting in society," Accounting, Organizations and Society, Elsevier, vol. 49(C), pages 41-50.
    22. Catasús, Bino & Johed, Gustav, 2007. "Annual general meetings--rituals of closure or ideal speech situations? A dual analysis," Scandinavian Journal of Management, Elsevier, vol. 23(2), pages 168-190, June.
    23. Stefan Schaltegger & Dimitar Zvezdov, 2015. "Gatekeepers of sustainability information: exploring the roles of accountants," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 11(3), pages 333-361, September.
    24. Kalantzis, F. & Revoltella, D., 2019. "Do energy audits help SMEs to realize energy-efficiency opportunities?," Energy Economics, Elsevier, vol. 83(C), pages 229-239.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Laura-Eugenia-Lavinia BARNA, 2024. "ERP Systems - Reliable Tools in Corporate Reporting of Organizations," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 22(176), pages 783-790, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kalantzis, Fotios & Revoltella, Debora, 2019. "How energy audits promote SMEs' energy efficiency investment," EIB Working Papers 2019/02, European Investment Bank (EIB).
    2. Cagno, Enrico & Accordini, Davide & Trianni, Andrea & Katic, Mile & Ferrari, Nicolò & Gambaro, Federico, 2022. "Understanding the impacts of energy efficiency measures on a Company’s operational performance: A new framework," Applied Energy, Elsevier, vol. 328(C).
    3. Accordini, D. & Cagno, E. & Trianni, A., 2021. "Identification and characterization of decision-making factors over industrial energy efficiency measures in electric motor systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    4. Perroni, Marcos G. & Gouvea da Costa, Sergio E. & Pinheiro de Lima, Edson & Vieira da Silva, Wesley, 2017. "The relationship between enterprise efficiency in resource use and energy efficiency practices adoption," International Journal of Production Economics, Elsevier, vol. 190(C), pages 108-119.
    5. A S M Monjurul Hasan & Andrea Trianni, 2020. "A Review of Energy Management Assessment Models for Industrial Energy Efficiency," Energies, MDPI, vol. 13(21), pages 1-21, November.
    6. Trianni, Andrea & Cagno, Enrico & Worrell, Ernst, 2013. "Innovation and adoption of energy efficient technologies: An exploratory analysis of Italian primary metal manufacturing SMEs," Energy Policy, Elsevier, vol. 61(C), pages 430-440.
    7. Trianni, Andrea & Cagno, Enrico & Farné, Stefano, 2016. "Barriers, drivers and decision-making process for industrial energy efficiency: A broad study among manufacturing small and medium-sized enterprises," Applied Energy, Elsevier, vol. 162(C), pages 1537-1551.
    8. Andersson, Elias & Karlsson, Magnus & Thollander, Patrik & Paramonova, Svetlana, 2018. "Energy end-use and efficiency potentials among Swedish industrial small and medium-sized enterprises – A dataset analysis from the national energy audit program," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 165-177.
    9. Thollander, Patrik & Backlund, Sandra & Trianni, Andrea & Cagno, Enrico, 2013. "Beyond barriers – A case study on driving forces for improved energy efficiency in the foundry industries in Finland, France, Germany, Italy, Poland, Spain, and Sweden," Applied Energy, Elsevier, vol. 111(C), pages 636-643.
    10. Andrea Trianni & Davide Accordini & Enrico Cagno, 2020. "Identification and Categorization of Factors Affecting the Adoption of Energy Efficiency Measures within Compressed Air Systems," Energies, MDPI, vol. 13(19), pages 1-51, October.
    11. Werner König & Sabine Löbbe & Stefan Büttner & Christian Schneider, 2020. "Establishing Energy Efficiency—Drivers for Energy Efficiency in German Manufacturing Small- and Medium-Sized Enterprises," Energies, MDPI, vol. 13(19), pages 1-31, October.
    12. Ida Johansson & Nawzad Mardan & Erwin Cornelis & Osamu Kimura & Patrik Thollander, 2019. "Designing Policies and Programmes for Improved Energy Efficiency in Industrial SMEs," Energies, MDPI, vol. 12(7), pages 1-17, April.
    13. Nguyen, Jason, 2024. "Beyond policy impacts: Internal strategic capabilities as determinants of industrial energy efficiency implementation," Energy Policy, Elsevier, vol. 184(C).
    14. Trianni, Andrea & Cagno, Enrico & Accordini, Davide, 2019. "Energy efficiency measures in electric motors systems: A novel classification highlighting specific implications in their adoption," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
    15. Paramonova, Svetlana & Thollander, Patrik, 2016. "Energy-efficiency networks for SMEs: Learning from the Swedish experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 295-307.
    16. Olsthoorn, Mark & Schleich, Joachim & Hirzel, Simon, 2017. "Adoption of Energy Efficiency Measures for Non-residential Buildings: Technological and Organizational Heterogeneity in the Trade, Commerce and Services Sector," Ecological Economics, Elsevier, vol. 136(C), pages 240-254.
    17. Fábio de Oliveira Neves & Henrique Ewbank & José Arnaldo Frutuoso Roveda & Andrea Trianni & Fernando Pinhabel Marafão & Sandra Regina Monteiro Masalskiene Roveda, 2022. "Economic and Production-Related Implications for Industrial Energy Efficiency: A Logistic Regression Analysis on Cross-Cutting Technologies," Energies, MDPI, vol. 15(4), pages 1-19, February.
    18. Monjurul Hasan, A S M & Trianni, Andrea & Shukla, Nagesh & Katic, Mile, 2022. "A novel characterization based framework to incorporate industrial energy management services," Applied Energy, Elsevier, vol. 313(C).
    19. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    20. Fresner Johannes & Krenn Christina & Kleshchov Anton & Tomasi Fabio, 2019. "Exploratory research into energy efficiency investment and strategy," Technology audit and production reserves, 2(46) 2019, Socionet;Technology audit and production reserves, vol. 2(4(46)), pages 16-27.

    More about this item

    Keywords

    Energy efficiency; energy efficiency improvement measures (EEIMs); professional accountants; European Union; Romania.;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:25:y:2023:i:63:p:479. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.