Economic Themes (2012) 50 (2) 5, 205-220

STATE AID – AN INSTRUMENT OF ENVIRONMENTAL PROTECTION IN THE EUROPEAN UNION AND SERBIA


Bojan Krstić, Sonja Jovanović, Tanja Stanišić, Maja Stojanović

Abstract: Sustainable development concept originates from the need for environmental protection in order to maintain the quality of environment at the appropriate level for the present and future generations. Bearing in mind the growing importance of the sustainable development concept, firstly we analyze the environmental protection as one of its three main and mutually conditioned components. In addition, we indicate the regulatory framework in the European Union and the Republic of Serbia, that is trying to regulate key issues in the environmental management as well as environmental protection field. The main part of this paper is concerned with the role and importance of state aid in achieving environmental objectives. In this context the analysis was conducted on what a state and its organizations are doing in institutional and financial sense to achieve environmental protection within the EU and Serbia.

Keywords:  sustainable development; environment; state aid

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