TURNING THE EUROPEAN GREEN DEAL INTO REALITY

LUCIAN Paul, Lucian Blaga University of Sibiu

Abstract:
The European Green Deal (EGD) – represents a new model of economic growth, but also the first proposal of the European Commission for 2019-2024, aiming to contribute to the objective of net zero greenhouse gas emissions by 2050, set by the European Climate Law. (Regulation EU 2021/111). This objective generates many problems not only at the European Commission’s level, but also for member states, and because the implications are of an economic (investment risk, mitigation, and adaptation costs) social (public acceptance and engagement, public education and awareness, behavior change and resistance) and ecological nature (land acquisition, waste and pollution, natural resource consumption) this objective is difficult to achieve. (Saraji & Streimikiene, 2023)To all these existing problems, new issues such as the COVID-19 pandemic and the war in Ukraine were added. All these factors led the EU to reconsider its position in several sectors, especially in the energy sector. Member States faced unforeseen shortages, which had a direct and considerable impact on the European citizens.As such, the present scientific approach aims to answer the question regarding the actual role of the EGD among the other policies of the European Union in the current complicated international context. This work contributes to the extensive discussion on EGD role in promoting “Europe’s man on the moon moment” von der Leyen, 2019) by analyzing a few of the key policies area, which have been set by the European Commission at European level and for Romania regarding the net zero gas emissions.

Keywords: European Green Deal, greenhouse gas emissions, green energy, energy efficiency, energy poverty

JEL Classification: E20

Volume: 76, Issue: 3

Pages: 37 - 51

Publication date: September, 2024

DOI: 10.56043/reveco-2024-0023

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/76303lucian.pdf

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