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Integrating Circular Economy in National Policy: Assessing the Impacts of Romania’s Revised 2023 Action Plan

Author

Listed:
  • Andreea A. Weisner

    (Doctoral School of Economics, West University of Timisoara, Romania)

  • Cristina Mihaela Nagy

    (“Tibiscus” University of Timișoara, Faculty of Economics, Romania)

Abstract

This article explores the integration of Circular Economy (CE) principles into Romania's national policy, mainly through its Revised 2023 Action Plan. It begins by setting the stage for the importance of sustainable development, which necessitates innovative policies that prioritize both environmental conservation and economic resilience. Romania's embrace of CE principles, aiming to redefine resource utilization, minimize waste, and bolster environmental preservation, serves as the focal point of this study. Key findings reveal significant advancements in waste management and infrastructural enhancements that foster CE adoption despite facing challenges in policy implementation. The Revised 2023 Action Plan marks a critical step in Romania's journey towards sustainable development, showcasing the potential for increased employment, resource efficiency, and environmental stewardship. This article makes a vital contribution to the field by charting Romania's progress towards its circularity ambitions and suggesting avenues for policy refinement.

Suggested Citation

  • Andreea A. Weisner & Cristina Mihaela Nagy, 2024. "Integrating Circular Economy in National Policy: Assessing the Impacts of Romania’s Revised 2023 Action Plan," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 349-356, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:349-356
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    More about this item

    Keywords

    circular economy; action plan; national strategy; resource efficiency; policy framework;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • 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
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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