Despite its rich natural resources, the Montenegrin economy is characterized by high imports of food, raw materials and products from other markets. In some cases, low-value products are exported and then re-imported as high-value products. This untapped potential and dependence on imports create a strong need for resilience and self-sufficiency, which could be achieved through circular value chains and significantly contribute to the added value and international competitiveness of the involved stakeholders.
The Montenegrin private sector has recognized the need for modernization and innovation. Circular challenges, coupled with the desire to become more competitive and productive, can steer the country towards modernization through the development of circular solutions, circular value systems, new business models, and the strengthening of local value chains. Circular innovations can be supported by digital innovations and digital solutions.
Green financing for the circular economy refers to investments and financial instruments that support projects, initiatives and businesses aimed at achieving circularity. The main goal of green financing is to direct capital towards environmentally sustainable activities that promote resource efficiency, recycling, renewable energy and waste reduction. Building the capacity of the private and public sectors to prepare circular projects will be crucial for absorbing green funds in the future.
Despite its rich and diverse natural resources, Montenegro faces environmental threats due to unsustainable practices and technology levels. This creates a need for protection and restoration, which can be met by introducing circular value systems, thereby ensuring long-term competitiveness and resilience.
There is a growing need for green jobs and competencies that can steer the system toward the introduction of circular solutions and the development of new knowledge and skills to respond to the opportunities ahead.
