BALANCING ECONOMIC GROWTH WITH ENVIRONMENTAL BENEFITS IN SERBIA'S MINING INDUSTRY

Abstract

Serbia's mining industry is at a pivotal moment, navigating significant environmental challenges while pursuing economic growth. The country's rich mineral deposits, including copper, gold, and lithium, present substantial opportunities. However, the sector's development is hindered by outdated technology, limited institutional capacity, and regulatory frameworks that complicate policy implementation aligned with EU standards. Key legislative measures, such as the Law on Environmental Protection and the Law on Waste Management, are in place, with ongoing efforts to establish a mining waste cadastre supported by EU funding. Despite these efforts, challenges remain due to inadequate institutional capacity and poor interagency coordination. The industry requires robust regulations, enhanced waste management infrastructure, and strategic investments to overcome these obstacles. This research underscores the importance of balancing economic development with environmental stewardship and social welfare to ensure the region's sustainable growth and long-term prosperity.