Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Bușu, Mihail; Nedelcu, Alexandra Cãtãlina

doi:10.3390/su10010008

Cited by 19 publications

(16 citation statements)

References 38 publications

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“…The results of the paper are consistent with another recent study [35], in which the authors developed a regression model to explain the economic growth explained by resource and labor productivity in EU member states. The results could be also linked with two other studies [36,37], which argue that sustainability and the circular economy impact on economic growth is not increased by a simple shift to renewable resources or materials. The authors highlight that recycling rates and environmental innovation are also significant factors of sustainable development and economic growth.…”

Section: Discussion Of the Resultssupporting

confidence: 57%

Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union

Bușu

Trică

2019

Sustainability

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In this paper, we develop a methodology for studying the sustainability of the circular economy model, based on environmental indicators, and its impact on European Union (EU) economic growth. In open-end systems, waste is converted back to materials and objects through recycling; hence, a linear economy is transformed into a circular economy (CE). Environmental factors support the argument for the sustainable implementation of a circular economy. The main objective of this paper is to analyze the sustainability of the CE indicators and to elaborate a multilinear regression model with panel data for determining the dependency of the main CE factors on EU economic growth. Starting with the model of economic growth based on circular material use rate, recycling rate of municipal waste (RRMW), trade in recycling materials, labor productivity, environmental taxes, and resource productivity as independent variables, six statistical hypotheses were validated through a multiple regression model with the use of the statistical software EViews 11. The research study was conducted for 27 EU countries, and the data was collected from the European Union Statistical Office (EUROSTAT), during the time frame 2010 to 2017. Based on econometric modeling, the paper highlights that circular economy generates sustainable economic growth across the EU.

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Section: Discussion Of the Resultssupporting

confidence: 57%

Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union

Bușu

Trică

2019

Sustainability

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“…Also, the positive coefficient of X5 means that urbanization has a positive and significant effect on CO 2 emissions. This indicates that a one-unit increase in the rate of urbanization will lead to an increase in CO 2 emissions rates by 1.665, which is incongruent with the findings of [45]. Finally, the positive coefficient of X6 in Table 8 reveals the fact that population has a positive and significant effect on CO 2 emission.…”

Section: Resultsmentioning

confidence: 80%

The Role of Renewables in a Low-Carbon Society: Evidence from a Multivariate Panel Data Analysis at the EU Level

Bușu

2019

Sustainability

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Low carbon emission has a major positive impact on our society. Due to the importance of reducing carbon emission levels, factors that contribute significantly towards reducing carbon emission levels have attracted the interest of academics and researchers in the field. In this paper, the author develops a multiple linear regression analysis to examine the relationship between renewable energy consumption, biofuel production, resources productivity, bioenergy productivity, the level of urbanization and population and their impact on total carbon dioxide (CO2) emissions. Data was collected from the European Statistical Office (EUROSTAT) and four statistical hypotheses were validated through a regression model with panel data using the statistical software EViews 11. The study was conducted for 27 European Union (EU) countries during 2008 to 2017. The author’s findings indicate that renewables have a direct and positive influence on the levels of CO2 emissions, as opposed to population growth and urbanization. These findings suggest that public policy should be directed towards increasing the use of renewables in EU countries, while the level of urbanization and the population growth add more restrictions in the modelling equation of the impact on CO2 emissions.

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“…Sustainable development, for example, in a Romanian context, has been addressed by Sirbu et al [11] using nine indicators whereas Stănciulescu and Bulin [12] applied 10 indicators in a timeframe of five years when comparing Romania's and Bulgaria's progress with the EU's average achievements. Next to these, other recent studies on Romania that analyze sustainable development are approaching this topic from the view of the renewable energy sector [13][14][15][16], and the perspectives of sustainable transport [17,18] or regional well-being [19].…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring Sustainable Development Goals at a Local Level: A Case of a Metropolitan Area in Romania

2018

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Metropolitan areas became the breeding ground for economic, political, and cultural concentration as well as for creativity and innovation. Therefore, sustainability within the urban dimension plays a crucial role in the overall success to attain the SDGs (Sustainable Development Goals) and their targets under the 2030 Agenda for Sustainable Development in 2015. Nevertheless, for cities, regions, or countries to monitor and measure their progress, there is a need for harmonized and reliable indicators. Consequently, the current study addresses sustainability on a local level by measuring the extent to which a Romanian metropolitan area achieves the SDGs agreed to in 2015 by the 193-member states of the United Nations. The paper analyses 16 out of the 17 SD (Sustainable Development) goals as the goal titled “Life below water” was not applicable. Relying on mainly quantitative data, we used the method of normalization and aggregation based on the arithmetic mean, which helped us to calculate the scores attained by each of the component localities of the metropolitan area within the SDGs and their overall SDG index. Next to this, the study combines the quantitative data analysis with a GIS (Geographic Information System) computer mapping technique. The results show that the municipality achieved the best results in the metropolitan area and a vertical development process from west to the east prevails. Measuring progress through a well-defined set of indicators and an optimization technique proved to be crucial in defining attainments’ levels within the metropolitan area.

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Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Cited by 19 publications

References 38 publications

Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union

Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union

The Role of Renewables in a Low-Carbon Society: Evidence from a Multivariate Panel Data Analysis at the EU Level

Measuring Sustainable Development Goals at a Local Level: A Case of a Metropolitan Area in Romania

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