GREEN TRANSITION AND SUSTAINABLE DEVELOPMENT IN SERBIA

Vesna Martin

Ekonomske ideje i praksa, 2023, issue 51, 47-59

Abstract: The aim of the paper is to present Serbia's accomplishments in the areas of sustainable development and green transition. The sustainable development goals are now a global call to action to eradicate poverty and safeguard the environment while enabling people to live prosperous lives. The goal of Serbia's "green transition" is to move away from fossil fuels and toward renewable energy sources while upholding the values of equity and sustainability. The green transition can support economic development, environmental preservation, social fairness, and human health. These two processes are connected and should work together to help the world become climate-neutral. In the first part of the paper we will discuss the Republic of Serbia's legal framework and accomplishments in the areas of green transition and sustainable development. The final section of the work is devoted to the proposals of future courses of action that might be carried out in the ensuing time. Serbia has so far demonstrated a readiness to respect the principles of sustainable development while making a concerted effort to make the transition to a green economy. This strategy highlights the significance of these processes and the Republic of Serbia's responsible approach to accomplishing these objectives.

Keywords: green transition; sustainable development; renewable energy; green finance instruments (search for similar items in EconPapers)
JEL-codes: K32 Q01 Q54 (search for similar items in EconPapers)
Date: 2023
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