alt="Interview Corneliu Bodea: "Investors should be able to start exploitation in the Black Sea as soon as possible, gas is considered a transitional resource and can contribute to the reconstruction of the economy"

Interview Corneliu Bodea: “Investors should be able to start exploitation in the Black Sea as soon as possible, gas is considered a transitional resource and can contribute to the reconstruction of the economy”

Interview financialintelligence.ro

What is your opinion about the Green Deal and the implications for Romania?

I believe that the European Green Deal is a fantastic opportunity for Romania. Modernization and sustainability are already a necessity, they are no longer part of projections for the future we want, it has to happen now.

The pandemic came and showed us very clearly that our relationship with the environment, the implications of global warming, are concerns that no longer belong to a small group with ecological visions.

The climate impact is the responsibility of each of us and we are already seeing the negative effects of a long carelessness, consequences that may not be reversible, but are manageable at the moment.

Through the Green Deal, Romania has the opportunity to invest in technologies and innovation, to increase energy efficiency, to increase the number of prosumers, to reduce pollution and to make the transition to a sustainable economy faster.

In all this uncertainty created by the pandemic, the Green Deal is, I believe, a key tool for economic recovery and for rebuilding a better, more responsible and stronger European community.

What should the Romanian authorities do to attract as much money as possible from European funds?

The first step we need to take is to create a legislative framework that provides predictability and certainty for investors through coherent, fair and sustainable public policies.

An unpredictable regulatory framework discourages investment and development and I am surprised so far by the resilience of the business environment in Romania, which has managed to overcome this context of uncertainty, which has long been the norm, long before humanity faced this pandemic.

Another important step is to stimulate and encourage the generation of concrete projects, based on feasibility studies and pragmatic specifications for the promotion of strategic investments from the state portfolio or those from private initiatives. Without concrete investment and development projects, the European Union’s money cannot be used.

I would also add that the authorities need to encourage competition, which is natural in a free, capitalist market, and if we look at the energy sector, it is a good example of what can happen in the absence of this competition.

Energy producers, organized into companies on the principle of production method, on the monofuel system, no longer had reasons to become more efficient and invest, and Romania found cheaper energy on other markets, becoming a country that imports energy.

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