Decarbonization Prospects in the Romanian Energy Sector

Abstract

Decarbonization is the reduction of carbon dioxide emissions by reducing the amount of greenhouse gas emissions produced by burning fossil fuels. In general, this implies a decrease in CO2 production per unit of electricity generated. Reducing the amount of carbon dioxide that occurs as a result of transport and energy generation is essential to meet the global temperature standards set by the Paris Agreement. The study analyzes the need for a change in the energy sector in Romania, through the gradual elimination of coal/lignite power plants, and provides an analysis of the impact of climate change on energy systems, as well as on the national economy. UDC: 620.9:504.06(498); JEL: Q40, Q43, Q48