Less is more: Romanian energy trajectory shows potential for low carbon economic growth – report
July 6, 2016
Romania could well be on path to a sustainable, prosperous economy if decision makers acknowledge growing GDP in tandem with dropping energy demand, a report released today by Bankwatch Romania argues.
Decoupling economic growth from energy consumption in Romania
July 6, 2016
The report tackles the common assumption that continued economic growth necessarily entails a rise in energy consumption. The analysis shows that this is not what happens in reality, in Romania and in other EU countries. The Romanian energy ministry acknowledges that since 2009 the country’s GDP has been growing while energy consumption has been falling, but it has so far failed to factor this trajectory in the ongoing development of a new national energy strategy.
