The Advantages of Energy Efficiency Projects and Their Impact on the Economy of Romania and the EU

Marius Petre Bogdan – Bucharest University of Economic Studies, Faculty of Management, Romana Square No. 6, sector 1, Bucha-rest. code 010374. Romania

Dragos-Daniel Dendrino – Bucharest University of Economic Studies, Faculty of Management, Romana Square No. 6, sector 1, Bucha-rest. code 010374. Romania

Abstract: Energy efficiency projects play an essential role in shaping a more sustainable and competitive economy in Romania and across the European Union (EU). Reducing energy consumption and greenhouse gas emissions, these initiatives help combat climate change and generate new jobs, enhance living standards, and drive technological advancements. With the EU setting ambi- tious climate targets, Romania faces the pressing need to implement large-scale energy efficiency programs. This paper researches the benefits and economic implications of these projects at both the national and European levels, using a multidisciplinary perspective that considers economic, environmental, and social factors. The findings underscore the importance of well-defined policies and robust funding mechanisms to unlock the full potential of energy efficiency measures.

10th International Scientific Conference ERAZ 2024 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Conference Proceedings: ISBN 978-86-80194-86-8, ISSN 2683-5568,

DOI: https://doi.org/10.31410/ERAZ.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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