Romania Toward a Low Carbon and Climate Resilient Economy : Benchmarking Study

Romania Toward a Low Carbon and Climate Resilient Economy : Benchmarking Study

This report is about Romanis's Green growth benchmarking, which is a country-level diagnostic that helps define a country’s strengths and vulnerabilities in adopting a path to greener growth. The process of defining a country’s green growth pa...

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Bibliographic Details
Main Author:	World Bank
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	CLIMATE VARIABILITY JOBS GREENHOUSE ENERGY SECURITY LEAD ECONOMIC GROWTH POLICIES CLIMATE CHANGE FOSSIL FUELS EMISSIONS INTENSITY GREENHOUSE GAS EMISSIONS CARBON INCOME VALUE ENERGY PRICING POWER WIND POWER CLIMATE DEMAND FORESTS WIND SUSTAINABLE USE EMISSIONS HIGH ENERGY INTENSITY HYDROPOWER ENERGY EMISSIONS FOREST WIND POWER RESOURCES GAS ENERGY USE CO MARKET ENVIRONMENT FOREST LANDS CLEANER POLICY AIR GREENHOUSE GAS CLEAN AIR ENERGY DEMAND LAND CLIMATE DAMAGE INVESTMENT POWER SECTOR ACCESS TO FINANCING CAPACITY FUEL ENERGY INTENSITY AVAILABILITY WATER LOW-CARBON INVESTMENTS POLLUTION IMPORTS GASES GAS EMISSIONS URBAN POPULATION NATURAL RESOURCES FOSSIL FUELS EMISSIONS REDUCTION GREENHOUSE GASES ENERGY
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26048658/romania-toward-low-carbon-climate-resilient-economy-benchmarking-study http://hdl.handle.net/10986/24061

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Summary:	This report is about Romanis's Green growth benchmarking, which is a country-level diagnostic that helps define a country’s strengths and vulnerabilities in adopting a path to greener growth. The process of defining a country’s green growth path starts with an analysis aimed at mapping the country’s current position on a multi-dimensional green-growth chart, with each dimension defined by an indicator of green growth. A framework to define a list of questions key to understanding how Romania or any country compares in an international context is constructed with three considerations: “how green?,” “going green,” and “riding a green wave.” This framework is used to guide a benchmarking exercise that maps Romania against comparator countries and country groups using a dataset of more than 100 indicators for 69 countries. The following were the key findings: (i) Romania is well-endowed with natural resources, which, if used productively, can support strong and sustained economic growth; (ii) despite drastic improvements since the early 1990s, Romania’s economy has high intensity greenhouse gas emissions and high energy intensity. However, as a member of the European Union (EU) the country already faces obligations to reduce its emissions; (iii) making adaptations to protect tomorrow’s output from climate damage is also important for Romania, a country more vulnerable to climate change than others in the EU; and (iv) a greener world will require economic transition, and successful transformation will depend on the flexibility of the country’s economy--its ability to absorb shocks—and its readiness to take advantage of new opportunities. Romania does not appear ready to take advantage of new green opportunities: in research and development indicators and the innovation and knowledge economy, Romania lags far behind the EU. The following were the conclusions and recommendations: (i) this benchmarking exercise identified a selected set of issues within the broad green growth agenda which Romania should focus on as it considers how to move onto a greener growth path; and (ii) a country pursuing green growth might find regular benchmarking analysis of value in identifying emerging green issues.