Identification of the potential to reduce greenhouse gases in the Romania economy

Abstract

This paper aims to analyze the economic sectors and the ways in which circular models can be introduced, for decarbonization and increasing economic competitiveness in Romania. The purpose of this study is to identify the strategies, the effective circular measures that can be implemented and to evaluate the potential of their implementation, given that the Romanian economy is still going through a structural transformation. These strategies aim at more efficient productions and uses, extending the lifetime of the product and component parts, and optimal use of materials. The decarbonization of the country to achieve the "Net Zero" objective, which means achieving a balance between the amount of emissions produced and those removed from the atmosphere, can be achieved through the transition to a circular economy and will result in global economic benefits, through the circular interventions implemented, through the application of a regenerative production, the elimination of waste and the valorization of waste. The long-term sustainability of the economy, and the ability to provide products and services, can be achieved through drastic changes in the way we produce and consume to meet the goals of the Paris Agreement.