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Kyoto Protocol implementation in Serbia as precognition of sustainable energetic and economic development

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  • Golusin, Mirjana
  • Munitlak Ivanovic, Olja

Abstract

The paper gives reasons for low energy efficiency typical of the Serbian economy, which is based on outdated and dirty technologies. The comparison of selected economic indicators and indicators of energy efficiency in both Serbia and the European Union points out the benefits of the Kyoto Protocol implementation due to the growth of competitiveness in the global market. Serbia has no obligation to reduce GHG emissions, the authors point to the proposals whose implementation along with the mechanisms of the Protocol can enable Serbia the access to markets that trade GHG emissions and the access to dedicated funds, self-financing or attracting foreign investments to raise energy efficiency, which will be accompanied by adequate economic benefits. A similar principle can be applied in all countries that are not obliged to reduce GHG emissions. The application of different mechanisms aiming to increase energy efficiency in Serbia, could contribute to the increase of GDP annual growth rate from 5% to 7%, which cannot be achieved by any other economic instrument. Energy efficiency, which is actually a question of competitiveness of each economy, can finance itself through the mechanisms of the Kyoto Protocol by selling excess emissions resulting from improved energy efficiency.

Suggested Citation

  • Golusin, Mirjana & Munitlak Ivanovic, Olja, 2011. "Kyoto Protocol implementation in Serbia as precognition of sustainable energetic and economic development," Energy Policy, Elsevier, vol. 39(5), pages 2800-2807, May.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:5:p:2800-2807
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    References listed on IDEAS

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    1. Mewton, Ross T. & Cacho, Oscar J., 2011. "Green Power voluntary purchases: Price elasticity and policy analysis," Energy Policy, Elsevier, vol. 39(1), pages 377-385, January.
    2. Ivanovic, Olja D. Munitlak & Golusin, Mirjana T. & Dodic, Sinisa N. & Dodic, Jelena M., 2009. "Perspectives of sustainable development in countries of Southeastern Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 2079-2087, October.
    3. Gingrich, Simone & Kusková, Petra & Steinberger, Julia K., 2011. "Long-term changes in CO2 emissions in Austria and Czechoslovakia--Identifying the drivers of environmental pressures," Energy Policy, Elsevier, vol. 39(2), pages 535-543, February.
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    1. Olja Munitlak Ivanovic & Mirjana Golusin, 2012. "Strengthening Economic Subjects Interval Capacities - Sustainable Energy Management," Book Chapters, in: João Sousa Andrade & Marta C. N. Simões & Ivan Stosic & Dejan Eric & Hasan Hanic (ed.), Managing Structural Changes - Trends and Requirements, edition 1, volume 1, chapter 30, pages 537-551, Institute of Economic Sciences.
    2. Petar Mitić & Olja Munitlak Ivanović & Aleksandar Zdravković, 2017. "A Cointegration Analysis of Real GDP and CO 2 Emissions in Transitional Countries," Sustainability, MDPI, vol. 9(4), pages 1-18, April.

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