ARE ENVIRONMENTAL EXPENDITURES A REFLECTION OF CLIMATE CHANGE FOR ROMANIA?
DOI:
https://doi.org/10.5281/zenodo.19498295Keywords:
Firms survival, performance, macroeconomic factors, impact, climate changeAbstract
Are Environmental Expenditures a Reflection of Climate Change for Romania?
Climate change is debated on a daily basis in the press and in specialized literature. Although the natural calamities caused by them can be seen at every step in all the countries of the world and on all the continents, nevertheless the authorities are seriously postponing the introduction of concrete methods of prevention and especially an appropriate budget financing that should take into account these challenges. But not only the extreme phenomena, difficult for the authorities to foresee, but especially the subtle and gradual changes of climate change must be taken into account. In this context, the article aims to highlight the impact of some indicators that highlight climate changes such as Cooling and heating degree days on Environmental Expenditures at the level of Romania. The panel analysis is based on Eurostat data at NUTS3 level but also on the national statistics of the Romanian Ministry of Finance on the period 2011-2023. The results show that although there is a connection between the elements tracked for Romania, nevertheless climate changes, taken into account through weather-based technical indexes designed to describe the need for the heating and for the cooling energy requirements of buildings, do not emphasize the due importance, at the level of budget expenditures.
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