Republic of Moldova's transition to a green economy: recent initiatives

This paper analyzes the Republic of Moldova's progress in transition to a green economy, focusing on recent policy measures and financial instruments supporting sustainable development. It examines strategic efforts to align with EU environmental standards. Drawing on national policy documents and institutional reports, the study reviews initiatives such as the 2024-2028 Green and Circular Economy Promotion Program, GEFF, and partnerships involving BSTDB, Microinvest, and Victoriabank. These instruments support SMEs through green credit, tax incentives, and technical assistance. While the transition shows promising developments, persistent challenges remain - bureaucratic barriers, limited financing access, traditional business culture. The findings highlight the need for ongoing reforms, stronger institutional engagement, inclusive support mechanisms to ensure a successful green transition. The paper was developed within the framework of 23.70105.0807.10T Project for Young Researchers "Development of new working models in the context of post-pandemic consequences and strengthening of job-specific skills for occupations and areas of smart specialization in the Republic of Moldova".