Catalysing Environmental Finance for Low-carbon Urban Development in Bosnia and Herzegovina, Bosnia and Herzegovina
Energy efficiency
Climate
Environment
Beneficiary Country:
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Bosnia and Herzegovina
Type and/or measure of energy efficiency in buildings:
Short description of the overall project
The objective of the project is to leverage investment for transformational shift towards low-carbon urban development in Bosnia and Herzegovina thereby promoting safer, cleaner, and healthier cities and reducing urban GHG emissions. In order to enable such transformational shift the project will facilitate implementation of technically and economically feasible low-carbon solutions in key urban sectors and promote their wider uptake by municipalities and private sector via dedicated financial mechanisms and funding windows established within the national environmental finance framework. It will also accelerate implementation of favourable policy and regulatory framework for low-carbon investment in cities.
Energy savings achieved / expected |
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|---|---|
| CO2 emission reduction achieved /expected in kt Co2eq | Between 0,9 and 1,4 million tCO2 |
| Other benefits achieved / expected |
The project will also contribute, directly and indirectly, to GHG emission reduction from piloting municipal green logistic schemes for waste management based on new technologies such as geographical information system (GIS) and related optimization software, as well as by supporting the policy reform (incentives for waste minimization, recycling). However, in the absence of baseline-data for the sector, as well as of appropriate GEF-STAP methodology, it was not possible to estimate the expected GHG emission reduction impact with same degree of preciseness. |
| Financial instruments used / use of current financial mechanisms | Development of innovative financial mechanisms such as ESCO model for financing energy efficiency projects. |