Sustainable Public Finance for Green Energy in Serbia

Serbia’s transition to clean energy and greater energy efficiency is not only a climate priority. It is a question of equity, public finance, and delivery. While national ambitions are clear, turning them into results depends on how effectively financing reaches the local level, where needs are most immediate and impacts are most visible.

Across the country, many households still face high energy costs and limited access to efficient infrastructure. Energy vulnerability affects a significant share of the population and places pressure on family budgets and public services alike . These challenges go beyond infrastructure. They reflect gaps in how systems are financed, coordinated, and implemented.

This analysis explores how stronger public finance systems can unlock investment in energy efficiency at scale. When local governments have the right tools, capacities, and access to financing, energy transitions can move faster, reach further, and deliver real improvements in people’s lives.

Originally published by UNICEF Serbia.

Note:

All joint programmes of the Joint SDG Fund are led by UN Resident Coordinators and implemented by the agencies, funds, and programmes of the United Nations development system. With sincere appreciation for the contributions from the European Union and Governments of Belgium, Denmark, Germany, Ireland, Italy, Luxembourg, Monaco, the Netherlands, Norway, Poland, Portugal, the Republic of Korea, the Kingdom of Saudi Arabia, Spain, Sweden, and Switzerland for a transformative movement towards achieving the SDGs by 2030.