Studies in Business and Economics (Aug 2020)
How Does the Romanian State Support the Increase of Energy Efficiency of Buildings by Using Public Funds?
Abstract
The issue of improving the energy efficiency of buildings in Romania is one of interest, both for the state authorities and for the population. The general purpose is to encourage the production of thermal energy and domestic hot water through the use of renewable energy sources. This is part of the EU's long-term objective of decarbonising the existing and inefficient European real estate park. In order to start renovating the existing buildings on the national territory, considerable financial resources are needed which the owners should have. The Romanian state, through the Agency for Environmental Protection, comes to the support the interested persons by granting financial support within the “Green House” Programs. The present paper includes an analysis of the four “Green House” programs and the public funds used to increase the energy efficiency of the buildings.
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