Background: The aim of this paper is to reconsider the necessity for the green transition and the key preconditions for the implementation of a circular economy in Western Balkan countries. With the objective of the research in mind, the method of analysis and synthesis was applied to determine (1) regulatory and institutional prerequisites for the green transition; (2) the need for the Western Balkan countries to redefine the model of sustainable economic growth towards the green transition; (3) the development opportunities for recovery defined in the Green Agenda for the Western Balkans; and (4) the possibility of implementing the circular economy in the Western Balkans. Main text: The main findings of the research indicate that: (1) the countries of the Western Balkan region, following the example of the EU, should define a national strategic approach to the green transition with an accompanying action plan and regulatory framework; (2) the biggest challenge of the green transition is the reform of the energy sector and the restructuring of the energy-intensive economy; (3) the countries have untapped potential in renewable energy sources and report the improvement of energy efficiency; (4) the circular economy can boost the green transition, because the countries of the region have a five-time lower value of resource productivity than the average of the EU, while the generation of waste (excluding major mineral wastes) per GDP unit is lower compared to the EU; (5) cross-sectoral governance should be more coordinated. Conclusions: The green transition might be a development opportunity for the Western Balkans, which should enable sustainable economic growth as well as energy security and environmental protection. However, the implementation of the Green Agenda is not easy, because the region faces the problem of underdeveloped regulatory and institutional capacities that might provide not only the base for long-term planning but also financial resources for the efficient implementation of projects. In addition, it is essential to understand the principles of the Green Agenda and the interaction of all activities that should enable the achievement of defined goals.

The main objective of this paper is to analyze model settings of the International Energy Security Risk Index developed by the U.S. Chamber of Commerce. The study was performed using stepwise regression, principal component analysis, and Promax oblique rotation. The conclusion of the regression analysis shows that Crude Oil Price and Global Coal Reserves are sufficient to explain 90% of the variance of the Index. However, if a model that explains 100% of the variance of the Index is chosen and other variables are added, Global Coal Reserves loses importance due to the presence of other parameters in which it is contained. Regardless of the chosen model of analysis, it is evident that there is room for revising the Index and removing variables that do not contribute to its precision. The research showed that the main disadvantage of the variables that make up the Index rests with the fact that the variables are of different degrees of generality, that is, one parameter is contained in other parameters (unclear which other). The research covers data for 25 countries over a 26-year period, with the first year of the research being 1980 and the last 2016 (the latest available report).

The purpose of this study is to research the antecedents of the sustainable travel decision-making of European travelers and thereby identify important lessons for the transition towards sustainable travel and tourism. The study is based on data collected through a representative survey, conducted in five European countries, with a sample of n = 5024 respondents. The results of descriptive statistics, EFA (Exploratory Factor Analysis) and FA (Factor Analysis) are presented in order to explore sustainable travel decision-making through environmental (policy-related and personal) attitudes and travel mode decision priorities in the European context. Furthermore, the study provides new evidence regarding the under-researched phenomenon of the attitude–behavior gap by presenting a model for the sustainability-oriented decision-making of travelers, including attitudes and travel mode priorities as antecedents. The results confirm the existence of moral licensing in travel decision-making, thereby extending the relevance of this theory into travel and tourism, which has not been done before. The denial of environmental issues is also being researched as regards its interaction with positive environmental attitudes, environmental travel mode priorities and non-environmental travel priorities, thereby advancing our understanding of the interplay between these categories. The interplay between the four categories furthers our understanding of the perplexity of travelers in terms of sustainable travel decision-making.

Background: Decarbonisation of the European economy is one of the main strategic goals of energy transition in the European Union (EU), which aims to become a leader in this process by 2050 and to include other European countries making thus the European continent the first carbon neutral region in the world. Although decarbonisation is an important goal of the EU, the models for monitoring the progress of this process have not yet been clearly defined, and views on the social, economic, and security implications in terms of prioritising decarbonisation are conflicting. The main objective of this paper is to determine the methodological correctness of the existing method of decarbonisation monitoring, to develop a new monitoring model indicating the differences in the EU and European countries that are non-EU and to point out the underlying social, economic and security implications that must certainly find their place in the decision-making process in this field. Results: The main results showed that there is no clearly defined model for monitoring the success of decarbonisation, while the indicators that are commonly used for this purpose make a model that, as the analysis shows—is methodologically incorrect. In the case of EU countries, the following indicators proved to be the most reliable: consumption-based CO₂ and share in global CO₂. For non-EU countries, the best monitoring indicators are CO₂ per unit of GDP, consumption-based CO₂, and renewable energy consumption. These indicators can explain 99% of the variance in decarbonisation success. Conclusions: The basic conclusion of the paper is that even before the implementation, the decarbonisation monitoring model should be defined and methodologically tested, and the use of a single model for all EU countries or for all countries is not recommended. It is proposed to simplify the monitoring model, with an emphasis on monitoring of consumption-based CO₂, which proved to be the most efficient in all sampled countries. The current method of monitoring is based exclusively on environmentally related indicators while ignoring the fact that decarbonisation is associated with almost all aspects of development. The additional social, economic and security aspects need to be developed and included in the further monitoring process.

Background: The transition to energy-sustainable systems is a globally accepted concept, but it is implemented with various degrees of success around the world. The aim of this paper is to determine the status of green transition in five Central Asian countries (Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, and the Kyrgyz Republic) that are among the highest energy consumers globally and the most vulnerable to climate change. Despite a notable improvement in living conditions across all countries over the past two decades, the region remains underdeveloped. Economic growth is based on the export of natural resources and remittance inflows, but the structure of the economy is monolithic. Main findings: Upon analysing transition indicators for the period 2000–2020, no evidence of significant changes towards a sustainable energy transition is found. All countries in the region (except Uzbekistan) have recorded an increase in carbon emissions, while the carbon intensity of the energy mix is almost the same. While there has been visible progress in reducing energy intensity, the countries in the region remain among the most energy-intensive economies. Despite the region’s substantial potential for renewable energy production, it remains underutilized. Conclusions: A multitude of varied problems accompanies the green transition in Central Asian countries. The energy market that has not yet been liberalised, along with significant subsidies and low energy tariffs, discourages investments in renewable energy sources and energy efficiency initiatives. A high level of corruption, rigid legislative and institutional infrastructure, and insufficient capital are additional factors that determine the speed, scope, and effectiveness of the green transition. Thus far, the primary focus in these countries has been on ensuring energy security. However, there has been a discernible surge in investments (particularly from China) in renewable energy projects. Although energy efficiency and climate change issues are formally defined, the energy transition goals are often declarative without an action plan that provides concrete steps in transition process. Strategic planing of economic development that includes all related sectors (not only the energy sector) and paying attention to socio-economic and environmental indicators of sustainable development are prerequisites for successfully implementating the energy transition in these countries.

The world economy and society are in a complex process of transition characterized by a high degree of uncertainty. Therefore, further development and management of the transition will largely depend on the quality of the decisions made and, accordingly, on the decision-making process itself. The main goal of this study is to analyze the reliability of International Energy Security Risk Index as a tool to support the process of energy and economy transition decision making, as closely related and highly interdependent phenomena. The index is composed of 29 aggregated variables (grouped into eight categories), and the research is conducted on a research sample of 25 countries over a period of 36 years. The reliability assessment is performed by using Multiple Regression Analysis. Multicollinearity test, plus Multicollinearity test with Variance Inflation Factors, is used for methodological verification. The test results indicate a high degree of unreliability of the Index, as is concluded based on the observed errors in its methodological settings. These errors primarily relate to a high degree of multicollinearity in all 29 variables, whereby independent variables lose their independence and thus jeopardize reliability of the total Index. Out of the eight groups of variables, the fuel imports group is the only one that does not show big methodological errors. The paper presents a recommendation for the improvement of the observed Index (review of the role of individual variables found to be particularly methodologically indicative), as well as a recommendation for different distribution of weighting coefficients.