Increased Financing For The Projects For Environmental Protection

• Main Author: Georgiana CHIȚIGA
• Format: Article
• Language: English
• Published: “Victor Slăvescu” Centre for Financial and Monetary Research 2012-12-01
• Series: Financial Studies
• Online Access: ftp://www.ipe.ro/RePEc/vls/vls_pdf/vol16i4p63-71.pdf

This study starts from the fact that the financing of projects for environmental protection started rather recently in Romania compared to other European states. The mechanisms for environmental protection financing can be described by focusing on their current status, on obstacles and opportunities, on their future potential and on their challenges. This will show a wide range of mechanisms that have a considerable potential to enhance the long-term adequate financing of the environmental protection and preservation. However, the problem that remains is whether these mechanisms will be enough to generate the adequate long-term financing with the aim to implement the programs and projects for environmental protection. Within this context, major changes in the manner in which financing is conceptualized, understood and used are required, and there are several measures that will play an increasingly important role in meeting the financing needs.