Starting a just transition in the context of macro-economic policy
In the modern environment there is undeniable evidence that climate change has a significant impact on economies at both regional and global levels. Also, there is increasing evidence that climate shocks and environmental risks have important implications for the financial stability of countries. Ac...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac
2024-01-01
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| Series: | Trendovi u Poslovanju |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2402037P.pdf |
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| Summary: | In the modern environment there is undeniable evidence that climate change has a significant impact on economies at both regional and global levels. Also, there is increasing evidence that climate shocks and environmental risks have important implications for the financial stability of countries. Accordingly, all these developments impose the need for profound socioeconomic changes worldwide, aimed at promoting a "green economy". In practice, this entails a radical decarbonization of economies through transitions at all levels, which do not occur without compromise, conflict, or resistance. The aim of the paper is to highlight the importance of green macroeconomic policy for an environmentally and socially sustainable economic transition through a theoretical overview. The shift towards an ecologically sustainable economy will lead to significant changes, including the creation of new green jobs, industries, changes in existing jobs, and the gradual phasing out of some activities intensively using carbon. The fact that the social, economic and environmental benefits of such a transition have already been demonstrated globally, including the example of a good practice, this paper concludes with a proposition of potential measures to promote a just transition in Serbia. |
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| ISSN: | 2334-816X 2334-8356 |