In order to meet the Paris Agreement target, mankind must reduce greenhouse gas emissions to
unprecedented levels by 2030. Major global shifts towards a low-carbon economy and
transformations of financial systems in each country are expected, changing new financial structures
and processes, involving national governments, central and commercial banks, investors and
financial actors. Romania has among the lowest environmental tax revenues as a percentage of GDP,
according to Eurostat, and energy taxes are the most important category of environmental taxes,
followed by transport taxes, pollution and resource exploitation taxes, etc. In this paper we aim to
see the relationship between environmental tax revenues and greenhouse gas emissions in Romania,
using correlation and regression analysis. The results of the study validate the main hypothesis, that
is a strong inverse significant relationship between the two variables analysed and serve as a basis
for further research on environmental taxes and charges in a given country (their amount and
percentage of the country's GDP) and the evolution of greenhouse gas emissions (progress towards
their reduction)
