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Faculty of International Business Management, Public International Business College Mitrovica , Mitrovica , Kosovo
Transition of the Western Balkans (WB) to the more sustainable economy is foreseen in the Green Agenda, an aspiring initiative jointly developed by the WB countries and European Union. Following the initiative, the Western Balkans tend to create a prosperous and equitable society with dynamic and resource efficient circular economy. This can be reached by minimizing greenhouse effects, stimulating the economic growth based on resource use that will further lead to economic benefits such as job creation in the new green and digital sectors. Moving to circular economy, as one of the main goals of the Green Agenda, encourages WB countries to initiate circularity in business models, increase resource productivity, produce and consume goods more efficiently and in more innovative manner, enhance waste management and use waste as a resource. The aim of the research is to examine the importance and necessity of green transition for the Western Balkans, as well as the key preconditions for its implementations. Insight into the regulatory and institutional requirements, need to redesign a sustainable economic development model towards green transition and development opportunities created by such a model serve to respond to the research goal and build a foundation for further researches.
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