Romania's clean energy transition needs to accelerate for the country to decarbonise its economy by mid-century. Following an impressive decline from the early 1990s, emissions of greenhouse gases have stopped falling in recent years. Fossil fuel dependence, an increasing and ageing vehicle fle...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Capozza, Ivana (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Paris OECD Publishing 2024
Schriftenreihe:	OECD Economics Department Working Papers no.1812
Schlagworte:	Economics Romania
Online-Zugang:	DE-862 DE-863
Zusammenfassung:	Romania's clean energy transition needs to accelerate for the country to decarbonise its economy by mid-century. Following an impressive decline from the early 1990s, emissions of greenhouse gases have stopped falling in recent years. Fossil fuel dependence, an increasing and ageing vehicle fleet and poorly insulated buildings increase energy use and carbon intensity. Moving away from fossil fuels in Romania calls primarily for more renewables; shifting to electricity in transport and buildings; substantial energy savings; and improved transport systems. This paper identifies policies that would help bring about these changes cost effectively, while minimising the socio-economic impact of the transition and contributing to improving people's quality of life. The policy package should include institutional reforms and public investment, regulatory changes, financial support and consistent price signals to encourage private abatement actions. Measures to alleviate the impact of the net-zero transition on vulnerable communities and to adapt to climate change are also required.
Beschreibung:	1 Online-Ressource (59 Seiten) 21 x 28cm.