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Greening the Economic Growth in Romania: the Environmental Footprint Approach

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Sustainable Economic Development

Part of the book series: World Sustainability Series ((WSUSE))

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Abstract

The modern world is on the verge to abandon the “growth no matter what” approach in favor of a more responsible behavior. The environment is gaining a more important position in the enterprises’ and states’ strategies and both researchers and decision makers are assessing new, green models of maintaining and improving the economic welfare without affecting the future generations’ opportunities. The aim of our paper is to determine the correlation between the growth variables and the quality of the environment. We seek to investigate the marginal loss of economic growth for the targeted environmental protection. We consider the case of Romania interesting regarding the matter of greening the economic growth for the fact that as any other emerging economy needed structural changes affecting the peoples’ welfare. In such situations the tendency is too neglect the less represented parts of the economic cycle. One of these is the environment. This fact is creating imbalances between the biological capacity of a region and its development impact upon the natural resources and environment as a whole. Once Romania had to adapt its regulations and environmental behavior as a result of EU integration, we need to evaluate how the gap between the economic development and the environmental protection is filled and compromise is made.

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Correspondence to Florian Marcel Nuţă .

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Nuţă, F.M., Nuţă, A.C. (2017). Greening the Economic Growth in Romania: the Environmental Footprint Approach. In: Leal Filho, W., Pociovalisteanu, DM., Al-Amin, A. (eds) Sustainable Economic Development. World Sustainability Series. Springer, Cham. https://doi.org/10.1007/978-3-319-45081-0_13

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