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Investment For The Green Economy– A Solution For Sustainable Development And For Getting Out Of Current Economic Crisis

Author

Listed:
  • Prof. Ana Popa Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

This article discuss about the importance of green economy investments, both in terms of sustainable development, and also in terms of environmental projects that can be a solution for getting out of current economic crisis. In the first part the article analyzes the evolution of environmental investments in Romania after EU accession. The environmental policy in Romania has been influenced by the European Union's financial instruments to support environment. This study reveals some progress in this direction, but also points out the amount of difficulties in launching and implementation of investment projects, through the Sectoral Operational Program Environment - SOP ENV. The Romanian political leaders and the general public are beginning to perceive and to accept the idea of green economy, and environmental activities will soon become a , because the investments on environmental and green economy are both the cause and effect for all three components of sustainable development: natural, economic and social.

Suggested Citation

  • Prof. Ana Popa Ph. D, 2011. "Investment For The Green Economy– A Solution For Sustainable Development And For Getting Out Of Current Economic Crisis," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 4(39), pages 1-8, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2011:i:8:p:1-8
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    File URL: http://feaa.ucv.ro/AUCSSE/0039v4-001.pdf
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    More about this item

    Keywords

    investment; green economy; crisis; Romania;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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