Theoretical approaches regarding energy security in the context of economic resilience

Abstract

The energy sector represents one of the basic pillars in sustainable development and in the restructuring of the national economy, its importance being directly proportional to the level of economic development of the state, or one of the basic indicators of economic prosperity is the increase in the population's income, which generates an increase in the demand for energy. Energy audits are essential to demonstrate the effectiveness and economic and environmental impact of energy efficiency projects. The research examines the possibility of using energy performance contracts for energy efficiency investments in heat supply. Amendments to tax legislation are proposed to increase the attractiveness of ESCO contracts, including VAT exemptions and tax incentives. The energy sector is crucial for sustainable development and the national economy, and the increase in population income leads to an increased demand for energy. The Republic of Moldova has committed to adopt an Integrated National Energy and Climate Plan (PNIEC) by 2030, in accordance with EU standards. In order to fulfill these objectives, Law no. 139/2018 on energy efficiency, which transposes EU directives in this field. The article was developed within the framework of Subprogram 030101 „Strengthening the resilience, competitiveness, and sustainability of the economy of the Republic of Moldova in the context of the accession process to the European Union”, institutional funding.