FINANCING ENVIRONMENTAL PROJECTS IN ROMANIA. NEW PERSPECTIVES IN THE FRAME OF THE 2014-2020 PROGRAMMING PERIOD
FINANCING ENVIRONMENTAL PROJECTS IN ROMANIA. NEW PERSPECTIVES IN THE FRAME OF THE 2014-2020 PROGRAMMING PERIOD

Summary/Abstract: In its efforts to faces the challenges of emerging from the crisis, the EU tries to put the European economies on a sustainable growth path through the 2014-2020 Common Strategic Framework (CSF), sought as an instrument for implementing the Europe 2020 Strategy. According to the CSF thematic objectives, the European Commission proposed for 2014-2020 a new Multiannual Financial Framework, through which thematic concentration and performance incentives are expected to result in more effective spending. The CSF Funds will provide an important source of public investments not only in growth and jobs but in areas supporting them, such as environment protection or resource efficiency. The paper offers a insight of the financing of environmental projects in Romania in the frame of the new Programming period and according to the EU Cohesion Policy objectives for 2014-2020. According to the learned lesson from the previous programming period, for a successful implementation of CSF Funds, with an optimal impact, an appropriate policy and a legal and administrative framework in place are needed.

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