THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY

Since the 2000s, the European Union has proclaimed itself a forerunner of climate change mitigation and adaptation policies. The EU has adopted extremely ambitious targets and objectives ever since, with a view to accomplishing its transformation into a low-carbon economy. In the current context o...

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Main Author: Cristian Moisoiu
Format: Article
Language:ron
Published: Institute for World Economy 2022-12-01
Series:Revista de Economie Mondială
Subjects:
Online Access:https://iem.ro/rem/index.php/REM/article/view/862/946
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author Cristian Moisoiu
author_facet Cristian Moisoiu
author_sort Cristian Moisoiu
collection DOAJ
description Since the 2000s, the European Union has proclaimed itself a forerunner of climate change mitigation and adaptation policies. The EU has adopted extremely ambitious targets and objectives ever since, with a view to accomplishing its transformation into a low-carbon economy. In the current context of instability and crisis, the climate policies and the structural reform decisions, mainly in the energy and manufacturing sectors, seem to bear on the international competitiveness of the European economy and on the living standards of a large number of the European citizens. From another perspective, the wave of crises that hit the European economy might be interpreted as a window of opportunity for the governments and businesses to promote innovative solutions in order to leapfrog from energy intensive industries towards more performant, higher value-adding ones. The present article will expound the EU low-carbon economy model and the main policies it suggested, as well as the challenges and risks that occur in this tense context.
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spelling doaj.art-b6a573af7f6246dd866a4e884c94dae92023-04-13T08:58:56ZronInstitute for World EconomyRevista de Economie Mondială2343-95212022-12-011425264THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMYCristian Moisoiu0Institutul de Economie Mondială – Academia Română, București, RomâniaSince the 2000s, the European Union has proclaimed itself a forerunner of climate change mitigation and adaptation policies. The EU has adopted extremely ambitious targets and objectives ever since, with a view to accomplishing its transformation into a low-carbon economy. In the current context of instability and crisis, the climate policies and the structural reform decisions, mainly in the energy and manufacturing sectors, seem to bear on the international competitiveness of the European economy and on the living standards of a large number of the European citizens. From another perspective, the wave of crises that hit the European economy might be interpreted as a window of opportunity for the governments and businesses to promote innovative solutions in order to leapfrog from energy intensive industries towards more performant, higher value-adding ones. The present article will expound the EU low-carbon economy model and the main policies it suggested, as well as the challenges and risks that occur in this tense context. https://iem.ro/rem/index.php/REM/article/view/862/946climate policiesdecarbonized economyeuropean integrationclean energy
spellingShingle Cristian Moisoiu
THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
Revista de Economie Mondială
climate policies
decarbonized economy
european integration
clean energy
title THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
title_full THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
title_fullStr THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
title_full_unstemmed THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
title_short THE EUROPEAN UNION’S MODEL OF LOW-CARBON ECONOMY
title_sort european union s model of low carbon economy
topic climate policies
decarbonized economy
european integration
clean energy
url https://iem.ro/rem/index.php/REM/article/view/862/946
work_keys_str_mv AT cristianmoisoiu theeuropeanunionsmodeloflowcarboneconomy
AT cristianmoisoiu europeanunionsmodeloflowcarboneconomy