Romania Toward a Low Carbon and Climate Resilient Economy : Transport Sector Analysis
In Romania, as well as in many other East European countries, transport sector Green House Gas (GHG) emissions are increasing fast and their growth is expected to continue into the future, accompanying the on-going economic convergence with the Eur...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26047968/romania-toward-low-carbon-climate-resilient-economy-transport-sector-analysis http://hdl.handle.net/10986/24059 |
| Summary: | In Romania, as well as in many other
East European countries, transport sector Green House Gas
(GHG) emissions are increasing fast and their growth is
expected to continue into the future, accompanying the
on-going economic convergence with the European Union (EU).
The objective of the analysis was to assess the impact of
green policies and investments on transport emissions. For
this purpose, the Romania Transport Strategic Emission
Prediction Tool (TRANSEPT) was developed. The outcome of the
analysis is a set of proposed green measures, their cost
(investment and operational), and their abatement potential.
The findings show that Green interventions in Romania lead
to a significant reduction of GHG emissions growth as
compared with the Baseline and to a gradual decoupling of
transport sector emissions growth from economic growth, thus
achieving the goal of transport sector mitigation. The main
modeling outcomes include abatement potential, cost, and the
cost effectiveness (cost per unit of abatement) of the
selected green interventions for the period 2015-2050.
Financing needs for the recommended measures in transport
rise sharply between the Green and the Super Green
scenarios, but still remain modest, as incremental
investments within a large sector. As the last step of the
analysis, a Marginal Abatement Cost Curve (MACC) provided a
framework to present the outcomes of the transport sector
analysis in a form useful for policy discussions. As
Romania’s motorization rate converges with that of the EU,
transport emissions are expected to grow even if green
measures in the sector are implemented. To conclude, the
proposed mitigation action plan recommends a set of actions
on the basis of the estimates made in this assessment where
institutional arrangement and coordination are also critical. |
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