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AN INSIGHT INTO THE ROMANIAN ENERGY MARKET IN THE CONTEXT OF CLIMATE CHANGE AND THE EUROPEAN GREEN DEAL
Abstract
The present study's primary purpose is to evaluate and provide a more comprehensive, unbiased and helpful picture of the Romanian energy potential, highlighting the emerging renewable resources. Firstly, several indices are taken into consideration to underline the Romanian energy portfolio structure. The installed capacities and the country's power generation, carbon dioxide emissions, nuclear generation and consumption, and renewables power are among the critical indices used in this project. The data and results obtained from Enerdata and BP-Statistical Review of World Energy 2020 are debated at both the European and national levels, considering the renewable energy sector's continuing strong growth. Secondly, it is of paramount importance to mention that most Romanian projects regarding renewables are established onshore. Even though the Black Sea does not have so high potential when considering the wave energy, particularly when compared to ocean coastlines, as regards the wind power sources, Romania would highly benefit from a marine farm project operating offshore in the coastal environment. Eventually, it can be concluded that countless challenges and opportunities describe the Romanian energy sector. By using renewable sources of energy more efficiently, it would be possible to enhance a bright, sustainable future. The offshore wind market's socio-economic benefits are of utmost importance since the European Union's countries develop their policies and strategies towards a full green recovery.
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References9
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