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The Impact Of The Coronavirus Pandemic On The Energy Sector

Author

Listed:
  • Oana Chindris-Vasioiu

    (Institute of National Economy, Romanian Academy)

  • Madalina Tocan

    (Institute of National Economy, Romanian Academy)

Abstract

In the context in which energy has become a vital component, a cost factor for economic development, the paper represents an analysis regarding the importance and approach of the energy sector in the European Union (EU), the energy strategy for Romania and an analysis of the energy crisis caused by the Coronavirus Pandemic. The article briefly presents the European Union's energy policy, which is a key element in achieving national energy strategies, each country, including Romania, acting in the energy sector so as to meet the EU's global and sustainable energy policy goals. The current Coronavirus crisis is having wider effects than those related to public health, with profound and long-term socio-economic consequences. Pre-existing factors leading to energy poverty have amplified all this time, by decreasing or losing revenue and increasing bills due to increased energy consumption..

Suggested Citation

  • Oana Chindris-Vasioiu & Madalina Tocan, 2021. "The Impact Of The Coronavirus Pandemic On The Energy Sector," Management Strategies Journal, Constantin Brancoveanu University, vol. 54(4), pages 12-19.
    • Handle: RePEc:brc:journl:v:54:y:2021:i:4:p:12-19
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    More about this item

    Keywords

    energy efficiency; energy markets; energy strategy; European Union;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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