Under the impact of a wide range of forces, the prices of globally traded commodities often experience sudden and significant fluctuations, putting under uncertainty and risk the economic status of producers, consumers and traders from the private to the national level. Although commodity markets are notorious for their price volatility, the events the world economy experienced in recent years, particularly the global economic crisis, offered new connotations to this phenomenon. These price movements reverberated across internal markets all over the world, affecting their statuses. As Central Eastern European countries, due to the processes they have undergone in recent decades, manifest an increased responsiveness to external shocks, Romania experienced the international turmoil in a severe manner. This paper calculates and presents, by comparison, the food price volatility experienced at the international level and on the Romanian market during the years of the crisis and immediately after its appeasement.
Nowadays, a very strong concern is coming from the fact that human intervention is heavily affecting the environment. In the past, the most harmful countries for the environment were the USA and Europe due to their development and level of industrialization. Today, the most impactful countries on the environment are the ones from across Asia, especially China and India. In order to interrupt these issues and to help prevent the further deterioration of the world, the UN redacted the 2030 Agenda. This presents a possible way in which countries might act against the effects of climate changes, reducing global warming and further world pollution. Being the most ambitious in this regard, the EU decided to implement the Green Deal. In our paper, based on the EU accomplishments in this direction, we try to build a scenario of how the world will look like if the three most polluting countries will apply the targets set by the EU. In this attempt, we used the Kaya Identity to measure the forecasted impact and arrived to the conclusion that, by applying this measures, energy consumption will be reduced, the consumption of renewable energy will increase, CO2 emissions will be reduced and the world can manage to come back to the level it had in 1990.
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