On September 26, 2011 in Banja Luka, in the Ministry of Physical Planning, Civil Engineering and Ecology of Republic of Srpska (UNFCCC Focal Point for BiH) the First meeting of the Executive Board of the Designated National Authority, where Bosnia and Herzegovina has officially established the DNA body for the implementation of Clean Development Mechanism
On September 26, 2011 in Banja Luka, in the Ministry of Physical Planning, Civil Engineering and Ecology of Republic of Srpska (UNFCCC Focal Point for BiH) the First meeting of the Executive Board of the Designated National Authority, where Bosnia and Herzegovina has officially established the DNA body for the implementation of Clean Development Mechanism (CDM) projects under the Kyoto Protocol.
DuringÂ the session, the Executive Board has adopted the Rules of Procedure of the DNAÂ in B&H, which precisely defines the body, as well as procedures andÂ deadlines necessary for the evaluation and approval of potential CDM projectsÂ by this body.
TheÂ main purpose of the Clean Development Mechanism (CDM) is to assist developingÂ countries (countries not in the Annex I – which include BiH) to develop theÂ principle of sustainable development, at the same time helping industrializedÂ countries (Annex I Parties of the UNFCCC) in the exercise of their duties forÂ the reduction of emissions of greenhouse gases (GHGs).
The formation of DNAÂ enabled are the primary conditions for attracting foreign investment in BosniaÂ and Herzegovina by the industrialized (Annex I) of the Convention memberÂ countries through investment in our priority sectors (such as energy, chemicalÂ industry, etc.), allowing them to develop the principles of sustainableÂ development using green technologies. Furthermore, this opens opportunities forÂ potential increase in money transfers to Bosnia and Herzegovina, theÂ modernization of industry and job creation.
TheÂ way in which Bosnia and Herzegovina can benefit from Clean Development MechanismÂ is reflected in the fact that we have the ability to:
vÂ Â furtherÂ develop the market for energy efficiency and renewable energy sources;
vÂ Â gain access toÂ modern technology;
vÂ Â attractÂ foreign direct investment through a range of environmentallyÂ friendly projects to all stakeholders;
vÂ Â insureÂ infrastructure development, increase GDP and increase employment;
vÂ Â improve airÂ quality and environment, and offer diversified energy sources inÂ order to become less dependent on supplies of fossil fuels.
Also,Â we can say that from now on Bosnia and Herzegovina is able to, through theÂ development of potential CDM projects and presenting them to stakeholders,Â contribute to reducing emissions of greenhouse gases (GHG) emissions on aÂ global level, and that started activities to meet one of priorities of the StabilizationÂ and Association Agreement, which is an implementation of the Kyoto Protocol.
SomeÂ of the potentials for reducing GHG emissions in Bosnia and Herzegovina are:
vÂ Â IncreasingÂ energy efficiency, since B&H has a higher energy intensity than itsÂ neighboring countries;
vÂ Â TheÂ construction of mini hydro power plants (up to 20 MW) hydropower potentialÂ utilization of less than 50%;
vÂ Â The use ofÂ biomass, the annual logging about 5 million m3;
vÂ Â been underÂ consideration for production of energy waste;
vÂ Â The use ofÂ wind energy;
vÂ Â Using theÂ power of thermal waters.
ProjectsÂ that are environmentally beneficial, socially acceptable and which contributeÂ to progress are taken into account (ie the reduction of GHG emissions) relativeÂ to the current practice in the host country.
TheÂ next step that is necessary to undertake in the CDM is to develop policies toÂ encourage production and use of energy from renewable sources withÂ international support, through the development of appropriate guidelines forÂ entrepreneurs and companies that have large emissions of greenhouse gases inÂ Bosnia and Herzegovina.