Abstract
Through its whole set of activities related to the invention, development, production and use of biological products and processes, bio-economy contributes significantly to the economy and to the progress of society by improving the sustainability of health, nutrition, energy efficiency, industry, environmental protection and human well-being in general. In this study, by creating an overview of the efficiency of renewable energy sources, in the context of sustainable resource management for preserving a healthy, diverse and resilient ecosystem, the research aimed to show the unused renewable energy sources at maximum potential in Romania, what are the reasons for their non-use, what are the opportunities and what are the solutions that can be adopted for the exploitation of these types of renewable energy sources in Romania. In the European Union, geothermal energy has already been well exploited and, in the future, will no longer make a significant contribution to increasing the productivity of renewable energies. Eurostat data was collected and processed using a linear regression model on the primary production of renewable energy in Romania and the rest of the European states for a period of 11 years (2005-2016); at the same time, statistical forecasts were made for the years 2017 and 2018 and was pursued to what extent social responsibility activities of companies is in line with the principles of bio-economy. In Romania, there is a very high potential for both geothermal energy that is insufficiently exploited to date and for the transformation of municipal waste into energy. It also explores the possibility of using intelligent information systems to optimize the exploitation of renewable energy sources. An important role in this effort is made by companies that, by adopting a Social Responsibility Code (CRS), can bring not only benefits, but also create a positive image with favorable consequences for all parties involved.
Highlights
The crisis of resources, unemployment and inflation are, as Georgescu-Roegen (2008) said, “the most curious thing that could happen” and which surprised the economists who supported their position with arguments “such as ensuring the well-being for everybody through unrestricted and accelerated economic growth, a statement as unfounded as that people could be made immortal”
We are currently witnessing two energy revolutions: the first concerns new energy-efficient technologies such as switching from incandescent bulbs, for example, to light-emitting diodes (LEDs), or from internal combustion engines to hybrid and electric cars with much lower fuel consumption; the second revolution marks the shift from an oil, gas or coal economy to a wind, solar or geothermal economy (Brown, 2011)
The present study highlights the fact that the measurement of corporate social responsibility is difficult, with many different criteria that cannot be met by all companies at the same time ‒ they can obtain both a good evaluation for some criteria and an inappropriate assessment for others, depending on the measurement systems used as the different concepts of Corporate Social Responsibility Award (CSR) lack a systematic basis
Summary
The crisis of resources, unemployment and inflation are, as Georgescu-Roegen (2008) said, “the most curious thing that could happen” and which surprised the economists who supported their position with arguments “such as ensuring the well-being for everybody through unrestricted and accelerated economic growth, a statement as unfounded as that people could be made immortal” This approach to economic progress, ignores an extremely important issue, that of natural resources. The sustainability term was proposed by the World Commission for the Environment and Development of the United Nations (1987) and it means “ensuring development to meet the needs of present generations without compromising the ability of future generations to meet their own needs” In this context, companies need to be analyzed and evaluated in terms of financial indicators and in terms of social and environmental performance
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