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Cohesion Policy and Social Aspects in the Non-reimbursable Allocation for Low-carbon Economy

Author

Listed:
  • Diana Joita

    (Romanian Academy, School of Advanced Studies of the Romanian Academy, Doctoral School of Economic Sciences, "Costin C. Kirițescu" National Institute for Economic Research, Institute of National Economy, Romania)

  • Doru-Claudiu Damean

    (“Ovidius” University of Constanța, Romania)

  • Carmen-Elena Dobrota

    (University of Bucharest & Institute of National Economy, Romanian Academy, Bucharest, Romania)

Abstract

To reach the necessary cohesion for the member states at socio-economic level, the EU sets substantial budgets in motion to implement its policies. This study proposes an analysis of how European funds were used for the construction of the Cohesion Policy in the segment of transition to low-carbon economy within the South-East Region of Romania, with a focus on the social side. The study case reveals challenges in implementing non-reimbursable financing for programming period 2014-2020/2023. The source of data are the official reports of the ministries with the role of management authority and that are updated up to this moment. The results of this study emphasize the importance of the Cohesion Policy financing for reaching the energy transition targets, but also the need to use a part of this fund for supporting social aspects so that people can more easily overcome the financial barriers on the way to green transition.

Suggested Citation

  • Diana Joita & Doru-Claudiu Damean & Carmen-Elena Dobrota, 2024. "Cohesion Policy and Social Aspects in the Non-reimbursable Allocation for Low-carbon Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 230-236, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:230-236
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    More about this item

    Keywords

    energy transition; energy efficiency; cohesion policy; European funding; sustainable development;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • D60 - Microeconomics - - Welfare Economics - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • 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

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