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EU Policies and Goals of the Green Transition of Bulgaria and Romania for 2030

Author

Listed:
  • Iana Paliova

    (Economic Research Institute, Bulgarian Academy of Sciences (ERI BAS))

Abstract

The article analyses the policies of the EU Green Deal, focusing on the initiatives NextGenerationEU, Fit for 55 Package, Just Transition Mechanism, and RePowerEU Plan under the EU program period 2021-2027. It presents the state of play of Bulgaria and Romania as regards the energy and electricity mix and their objectives for reduction of greenhouse emissions, primary and final energy consumption by 2030. The investigation examines both countries’ National Recovery and Resilience Plans and the EU funding under the 2021-2027 Partnership Agreements while underlying their role for stimulating green transition policies during the current financial package. The internal and external risks for the implementation of the green policies have been identified.

Suggested Citation

  • Iana Paliova, 2023. "EU Policies and Goals of the Green Transition of Bulgaria and Romania for 2030," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 11(2), pages 43-48, December.
    • Handle: RePEc:ntu:ntugeo:vol11-iss2-43-48
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_11_no_2/geo_2023_vol11_no2_art_006.pdf
    File Function: First version, 2023
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    More about this item

    Keywords

    Environmental Taxes and Subsidies; Environmental Sustainability; Economic Integration;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • 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
    • F15 - International Economics - - Trade - - - Economic Integration

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