We consider the co-evolution between local-content requirements and development of firms’ financial capabilities. To that end, we simplify firms’ financial capabilities to two broad groups. On the one hand, we consider as “commercial capability” of the firm its ability to obtain...

During a time in which the subject of climate change is deemed high on the list of priorities of many governments, it is important to assess to what extent policies in this field are achieving meaningful results. The link between energy usage and global warming is clear and today in the European...

According to the official document of Romania's energy policy for the period 2020-2030, with a view to 2050, the main objective of the strategy is to increase the energy sector in conditions of sustainability by setting targets for reducing greenhouse gas emissions and promoting renewable...