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Green Transition and the Business Sector in the European Union and Romania

Author

Listed:
  • Iordan Marioara

    (Institute for Economic Forecasting, Romanian Academy, Romania)

  • Chilian Mihaela-Nona

    (Institute for Economic Forecasting, Romanian Academy, Romania)

  • Ciurariu Gabriela

    (Technical University “Gheorghe Asachi” of Iași, Romania)

Abstract

Increasingly obvious over the last two decades, human society and the economies of all the countries in the world faced and continue to face increasingly accelerated, amplified, diverse and divergent economic, social, political and technological trends and developments, among which three so-called megatrends stand out for intensity and persistence: digitization and automation of production, greening of economies and global economic power shifts. Considering such issues, the paper focuses on a brief analysis of how the green transition affects the business sector (enterprises) in the EU countries, with a focus on Romania - an EU member state that registers a relatively low level of penetration of the circular economy. Indicators of the green economy and eco-innovation and referring to the economic dimension of the circular economy, were used for the analysis. The results show that the EU27 economies generally are leaders in most of the aspects concerning the greening of economies and their business sectors, but Romania reveal certain relative delays of the local business sector in moving towards production and business development methods characteristic of the ecological economy.

Suggested Citation

  • Iordan Marioara & Chilian Mihaela-Nona & Ciurariu Gabriela, 2023. "Green Transition and the Business Sector in the European Union and Romania," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 14(2), pages 43-62, December.
    • Handle: RePEc:vrs:hjobpa:v:14:y:2023:i:2:p:43-62:n:1
    DOI: 10.2478/hjbpa-2023-0015
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    References listed on IDEAS

    as
    1. Ansari, Dawud & Holz, Franziska, 2020. "Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 130, pages 1-1.
    2. World Bank, 2012. "Inclusive Green Growth : The Pathway to Sustainable Development," World Bank Publications - Books, The World Bank Group, number 6058.
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