Development of Low-Carbon Energy Supply System in Romania

30 Pages Posted: 19 Jul 2016

See all articles by Govinda R. Timilsina

Govinda R. Timilsina

World Bank - Development Research Group (DECRG)

Erika Jorgensen

World Bank; National Bureau of Economic Research (NBER)

Date Written: June 7, 2016

Abstract

Despite the declining trends in total energy consumption, greenhouse gas emissions, energy intensity, and emission intensity over the past two decades, Romania still emits more greenhouse gas per unit of output than many other members of the European Union. The country is looking for further greening of its energy supply system to achieve the clean energy and climate change mitigation goals included in the European Union's 2030 target and 2050 Roadmap. Using an energy supply optimization model, TIMES, this study develops energy supply mixes for Romania under a baseline scenario that satisfies the European Union's current energy and climate targets for 2020, a green scenario that satisfies the European Union's 2030 energy and climate targets, and a super green scenario that satisfies the European Union's prospective 2050 energy road map. The study finds that although Romania could achieve the green scenario at a moderate cost, it would be challenging and costly to achieve the super green scenario.

Keywords: Energy Finance, Energy Resources Development, Climate Change Mitigation and Green House Gases

Suggested Citation

Timilsina, Govinda R. and Jorgensen, Erika, Development of Low-Carbon Energy Supply System in Romania (June 7, 2016). World Bank Policy Research Working Paper No. 7698. Available at SSRN: https://ssrn.com/abstract=2811345

Govinda R. Timilsina (Contact Author)

World Bank - Development Research Group (DECRG) ( email )

1818 H Street NW
MSN3-311
Washington, DC 20433
United States

Erika Jorgensen

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States
(202)473-5343 (Phone)
(202)522-2755 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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