Sustainable Development and Green Economy: The Analysis of the Dynamics of the Energy Structure from Renewable Energies in Romania Through the Markov Chains Method

  • Ramona PÎRVU University of Craiova, Romania
  • Geanina Iulia BOȚOTEANU (RĂDĂCINĂ) University of Craiova, Romania
  • Lili ȚENEA University of Craiova, Romania


The climate changes increase the existing risks and generate new types of risks both for the natural systems and, directly or indirectly for the humanity. For the people from the vulnerable communities, the risks are higher, irrespective of the development degree. The communities from the rural environments are affected by the risks of the climate changes due to the need of relocating the agricultural activities in other less favorable places. The green economy is considered the main means through which sustainable development can be attained, taking not account the ecologic limits of the planet. On a national level, the most representative branch of the green economy is represented by the energy production sector from renewable energy. There is a total number of 639 of companies within this industry which exploit the four types of resources offered by our country to produce electric energy. T

The article is structured on three parts: therefore, in the first part we did a research of the reference literature on the concepts of sustainable development and the green economy, in the second part we analyzed the renewable resources used for the energy production in Romania and the structure of the energy from renewable energies, in the period 2010 – 2020, studying at the end of the paper the dynamics of the energy structure from renewable resources with the help of the Markov chains method.


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*** European Environment Agency 2015: 21-22. Available at:
*** Law no. 220/2008 regarding the promotion system to produce energy from renewable sources
*** Ministry of Environment – National Agenda for the Environmental Protection. 2010
*** National Strategy for Green Working Places. 2018 – 2025
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How to Cite
PÎRVU, Ramona; BOȚOTEANU (RĂDĂCINĂ), Geanina Iulia; ȚENEA, Lili. Sustainable Development and Green Economy: The Analysis of the Dynamics of the Energy Structure from Renewable Energies in Romania Through the Markov Chains Method. Journal of Advanced Studies in Finance, [S.l.], v. 12, n. 1, p. 63-73, june 2021. ISSN 2068-8393. Available at: <>. Date accessed: 19 oct. 2021. doi:
Journal of Advanced Studies in Finance