{"id":12427,"date":"2026-11-09T04:59:42","date_gmt":"2026-11-09T04:59:42","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=12427"},"modified":"2026-11-09T05:37:06","modified_gmt":"2026-11-09T05:37:06","slug":"the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/","title":{"rendered":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Authors: Costinela Fortea, Valentin Marian Antohi, Ioana Lazarescu, Lorena Gabriela Ciupitu<\/p>

Vol. 11 \u2022 No. 21 \u2022 November 2026<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView abstract PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView article PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The transition toward sustainable economic development and climate neutrality has intensified the importance of understanding the relationship between fiscal sustainability and green transition dynamics within European economies. In the context of the European Green Deal, REPowerEU strategy, and increasing fiscal pressures generated by economic instability, public debt expansion, and environmental transition costs, governments are required to balance environmental objectives with long-term fiscal stability. The present study investigates the impact of renewable energy consumption, environmental taxation, government expenditure, and macroeconomic performance on fiscal sustainability in selected European economies, namely Bulgaria, Germany, Hungary, Poland, and Romania, during the 2015\u20132024 period. The research employs a comparative econometric framework based on Ordinary Least Squares (OLS) regression models estimated separately for each country using annual data collected from Eurostat databases. The empirical findings indicate that renewable energy consumption and environmental taxation exert heterogeneous effects on government fiscal balance across the analysed economies. Romania and Hungary display comparatively stronger relationships between renewable energy transition and fiscal sustainability, while Germany and Romania record more significant effects associated with environmental taxation mechanisms. Government expenditure and real GDP per capita emerge as important determinants of fiscal balance dynamics, confirming the strong interdependence between macroeconomic performance, fiscal capacity, and environmental transition policies. The econometric results also reveal substantial differences among the analysed countries regarding public indebtedness, renewable energy integration, and fiscal resilience. The study contributes to the literature on sustainable public finance by integrating fiscal, environmental, and macroeconomic variables into a unified comparative framework capable of capturing the interaction between green transition policies and fiscal sustainability. The findings underline the necessity of adopting differentiated and country-specific fiscal strategies capable of supporting environmental transition objectives while maintaining long-term macroeconomic stability and public finance sustainability within the European Union context.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Keywords:<\/strong> fiscal sustainability; green transition; government deficit; public expenditure; sustainable development; fiscal policy.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

JEL Classification:<\/strong> H63; Q56; R11.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

DOI:\u00a0<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t
\n\n \n\n
\n\n \n BACK<\/span>\n\n <\/div>\n <\/a>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Authors: Costinela Fortea, Valentin Marian Antohi, Ioana Lazarescu, Lorena Gabriela Ciupitu Vol. 11 \u2022 No. 21 \u2022 November 2026 View abstract PDF View article PDF Abstract The transition toward sustainable economic development and climate neutrality has intensified the importance of understanding the relationship between fiscal sustainability and green transition dynamics within European economies. In the …<\/p>\n

THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION<\/span> Read More »<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[190],"tags":[],"yoast_head":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Authors: Costinela Fortea, Valentin Marian Antohi, Ioana Lazarescu, Lorena Gabriela Ciupitu Vol. 11 \u2022 No. 21 \u2022 November 2026 View abstract PDF View article PDF Abstract The transition toward sustainable economic development and climate neutrality has intensified the importance of understanding the relationship between fiscal sustainability and green transition dynamics within European economies. In the … THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-09T04:59:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-09T05:37:06+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ri_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/revista.isfin.ro\/#website\",\"url\":\"https:\/\/revista.isfin.ro\/\",\"name\":\"Revista de Studii Financiare\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/revista.isfin.ro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/\",\"name\":\"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare\",\"isPartOf\":{\"@id\":\"https:\/\/revista.isfin.ro\/#website\"},\"datePublished\":\"2026-11-09T04:59:42+00:00\",\"dateModified\":\"2026-11-09T05:37:06+00:00\",\"author\":{\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\"},\"breadcrumb\":{\"@id\":\"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Prima pagin\\u0103\",\"item\":\"https:\/\/revista.isfin.ro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\",\"name\":\"ri_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/revista.isfin.ro\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"caption\":\"ri_admin\"},\"sameAs\":[\"http:\/\/Revista%20ISFIN\"],\"url\":\"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/\"}]}<\/script>","yoast_head_json":{"title":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/revista.isfin.ro\/en\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/","og_locale":"en_GB","og_type":"article","og_title":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare","og_description":"Authors: Costinela Fortea, Valentin Marian Antohi, Ioana Lazarescu, Lorena Gabriela Ciupitu Vol. 11 \u2022 No. 21 \u2022 November 2026 View abstract PDF View article PDF Abstract The transition toward sustainable economic development and climate neutrality has intensified the importance of understanding the relationship between fiscal sustainability and green transition dynamics within European economies. In the … THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION Read More »","og_url":"https:\/\/revista.isfin.ro\/en\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/","og_site_name":"Revista de Studii Financiare","article_published_time":"2026-11-09T04:59:42+00:00","article_modified_time":"2026-11-09T05:37:06+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ri_admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/revista.isfin.ro\/#website","url":"https:\/\/revista.isfin.ro\/","name":"Revista de Studii Financiare","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/revista.isfin.ro\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#webpage","url":"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/","name":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION - Revista de Studii Financiare","isPartOf":{"@id":"https:\/\/revista.isfin.ro\/#website"},"datePublished":"2026-11-09T04:59:42+00:00","dateModified":"2026-11-09T05:37:06+00:00","author":{"@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c"},"breadcrumb":{"@id":"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/revista.isfin.ro\/2026\/11\/09\/the-dynamics-of-fiscal-sustainability-in-the-context-of-green-transition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Prima pagin\u0103","item":"https:\/\/revista.isfin.ro\/"},{"@type":"ListItem","position":2,"name":"THE DYNAMICS OF FISCAL SUSTAINABILITY IN THE CONTEXT OF GREEN TRANSITION"}]},{"@type":"Person","@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c","name":"ri_admin","image":{"@type":"ImageObject","@id":"https:\/\/revista.isfin.ro\/#personlogo","inLanguage":"en-GB","url":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","caption":"ri_admin"},"sameAs":["http:\/\/Revista%20ISFIN"],"url":"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12427"}],"collection":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/comments?post=12427"}],"version-history":[{"count":19,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12427\/revisions"}],"predecessor-version":[{"id":12598,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12427\/revisions\/12598"}],"wp:attachment":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/media?parent=12427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/categories?post=12427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/tags?post=12427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}