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Green Transition And Sustainable Development In Serbia

Author

Listed:
  • Vesna Martin

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.

Suggested Citation

  • Vesna Martin, 2023. "Green Transition And Sustainable Development In Serbia," Ekonomske ideje i praksa, Faculty of Economics and Business, University of Belgrade, issue 51, pages 47-59, December.
  • Handle: RePEc:beo:ekidpr:y:2023:i:51:p:47-59
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    File URL: https://www.ekof.bg.ac.rs/journals/eip/51/04.pdf
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    More about this item

    Keywords

    green transition; sustainable development; renewable energy; green finance instruments;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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