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Circular And Green Economy – A Comparative Analysis Of The Current State In Romania And In The Eu

Author

Listed:
  • Mădălina Tocan

    (Analysis of the International Economic Conjuncture Department/ Faculty of Financial Management/ Institute for World Economy, Romanian Academy/ Ecological University of Bucharest)

  • Oana Chindriș-Văsioiu

    (Structural changes in the global economy Department/ Institute for World Economy, Romanian Academy)

Abstract

The green and circular economy is associated with the sustainable development concept and is an integrated part of the development strategies of all EU Member States. In line with the Union's objective of achieving climate neutrality by 2050 under the Green Deal, the European Commission proposed in March 2020 the first package of measures for the transition to a circular economy, included in the Circular Economy Action Plan. The Plan includes measures for encouraging the production of sustainable products, informing consumers about the green transition, reviewing building materials regulations, and a strategy for sustainable textiles. Against this background, this paper aims to present a comparative analysis of the green and circular economy principles implementation in Romania and the European Union. One of the conclusions of the paper is that even if some progress has been made in the last decade, the implementation of green and circular economy principles in Romania is still at the beginning of the road.

Suggested Citation

  • Mădălina Tocan & Oana Chindriș-Văsioiu, 2024. "Circular And Green Economy – A Comparative Analysis Of The Current State In Romania And In The Eu," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 12(1), pages 95-105, June.
    • Handle: RePEc:ntu:ntugeo:vol12-iss1-95-105
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    More about this item

    Keywords

    European Union; Romania; Green economy; Circular economy;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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