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: Pavićević Nina, Ćosić Milivoje, Đorđević Vladimir
Format: Article
Language:English
Published: Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac 2024-01-01
Series:Trendovi u Poslovanju
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Online Access:https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2402037P.pdf
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author Pavićević Nina
Ćosić Milivoje
Đorđević Vladimir
author_facet Pavićević Nina
Ćosić Milivoje
Đorđević Vladimir
author_sort Pavićević Nina
collection DOAJ
description 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.
format Article
id doaj-art-2cc6d37bdccd4399a32ab1445a8becf9
institution Kabale University
issn 2334-816X
2334-8356
language English
publishDate 2024-01-01
publisher Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac
record_format Article
series Trendovi u Poslovanju
spelling doaj-art-2cc6d37bdccd4399a32ab1445a8becf92025-02-10T19:38:25ZengVisoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, KruševacTrendovi u Poslovanju2334-816X2334-83562024-01-01122374410.5937/trendpos2402037P2334-816X2402037PStarting a just transition in the context of macro-economic policyPavićević Nina0https://orcid.org/0000-0001-5231-3074Ćosić Milivoje1https://orcid.org/0000-0002-6999-2963Đorđević Vladimir2https://orcid.org/0000-0001-5222-4960Univerzitet Privredna akademija Novi Sad, Fakultet primenjenih nauka, Niš, SerbiaInstitut za šumarstvo, Beograd, SerbiaVisoka škola za poslovnu ekonomiju i preduzetništvo, Beograd, SerbiaIn 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.https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2402037P.pdfgreen economyjust transitiongreen macro-economic policysustainability
spellingShingle Pavićević Nina
Ćosić Milivoje
Đorđević Vladimir
Starting a just transition in the context of macro-economic policy
Trendovi u Poslovanju
green economy
just transition
green macro-economic policy
sustainability
title Starting a just transition in the context of macro-economic policy
title_full Starting a just transition in the context of macro-economic policy
title_fullStr Starting a just transition in the context of macro-economic policy
title_full_unstemmed Starting a just transition in the context of macro-economic policy
title_short Starting a just transition in the context of macro-economic policy
title_sort starting a just transition in the context of macro economic policy
topic green economy
just transition
green macro-economic policy
sustainability
url https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2402037P.pdf
work_keys_str_mv AT pavicevicnina startingajusttransitioninthecontextofmacroeconomicpolicy
AT cosicmilivoje startingajusttransitioninthecontextofmacroeconomicpolicy
AT đorđevicvladimir startingajusttransitioninthecontextofmacroeconomicpolicy