Green Economy is the Future in which to Invest!

Green Economy is the Future in which to Invest!

A regional conference on Environment Protection and Energy Efficiency organized by Infoarena group took place in the Regent Esplanade Hotel in Zagreb. The purpose of the conference was to introduce new opportunities for investors in the field of environment protection and related energy challenges. Constant care of environmental protection, energy efficiency and renewable energy sources

A regional conference on Environment Protection and Energy Efficiency organized by Infoarena group took place in the Regent Esplanade Hotel in Zagreb. The purpose of the conference was to introduce new opportunities for investors in the field of environment protection and related energy challenges.

Constant
care of environmental protection, energy efficiency and renewable energy
sources is one of the fundamental components of sustainable development, but
also an important factor for entry into the European Union.

“Croatia
ratified the Kyoto Protocol in 2008 and accepted  its obligations to reduce greenhouse gas
emissions by five percent”, said the State Secretary in the Ministry of
Environmental Protection, Physical Planning and Construction Nikola Ružinski. He
also stressed that Croatia has the obligation to invest in renewable energy.
But the reality is that the next 20 years will not be able to fully give up
fossil fuels, but we will have to accept the stringent environmental standards
imposed by the European Union.

New
investments in energy facilities motivate us not only in a growing demand for
electricity, but also the necessity of adjustment of Croatian EU directives and
commitments in the third energy package and the alignment of business
commitments in the electricity and gas business with the legislative framework
of the EU, said the director of the Energy Ministry of Economy, Labour and
Darko Horvat

In order
to realize the objectives of the European Union, it is necessary to provide
financial support for investments in energy efficiency and renewable energy
sources in the public and private sectors. The Republic of Croatia, in the
energy sector, plans to invest about 15 billion Euros.

Croatia
has so far, in strengthening the capacity of institutions responsible for
implementing national laws and strategies, invested 16.55 million Euros in 28
different projects. The financing of projects of civil society organizations
active in the field of environmental protection has been invested 1.81 million
Euros in 20 projects, and cross-border cooperation with Member States has
invested 2.41 million Euros in 19 projects. Croatia will be, said Marija
Tufekèiæ, director of the Central Agency for financing and contracting programs
and projects with the EU and put forward this data, open and other funds,
particularly entry into the EU in 2012 and 2013 is expected 2.205 billion Euros,
followed by 1.6 billion euros a year for the implementation of cohesion policy.

The
importance of the topics can be seen according to the data from consulting
firms AT Kearney. According to their data, by 2040 Earth’s population will be
around 8 billion and we will need resources from  five different planets to survive. “The
global crisis has fueled the development of sustainable energy sources,”
he said at the panel discussion was attended by experts throughout the region,
Minister of the Federal Ministry of Environment and Tourism Dr. Nevenko Herceg.
Panel discussion really brought together all the important persons from the
protection of the environment in the region: Croatia was represented by Nikola
Ružinski, State Secretary of Ministry of Environmental Protection, Physical
Planning and Construction, Dragan Asanovic, Assistant Director of the Agency
for Environmental Protection of Montenegro, Herceg Nevenko, Filip Ivanov, Director
of Environment of Macedonia, Teodora Obradovic-Grnèarovska, State Secretary for
Climate Change Macedonia and Zarko Horvat, Vice President of the Assembly, the
Croatian Business Council for Sustainable Development.

“The
biggest problem in protecting the environment are not laws and their complexity,
rather is the law enforcement itself. It is a big problem for businessmen
because it loses the network of laws and regulations. Croatia still lacks „one-stop-shop“
– that could be the one place to solve all problems”, said Zarko Horvat
and called for cooperation between the state and the private and public sectors
in decision-making process.

Panel
participants discussed the “20/20/20 Initiative” which the European
Union enforced which includes 20 percent reduction in C02 emissions, 20 per
cent increase in renewables and a 20 percent increase in energy efficiency.
“The Western world has had strong growth and development of 30 years and
now can separate a substantial portion of the funds for the preservation of the
environment and to achieve those goals,” said Nevenko Herceg and added
that BiH has a great advantage that most of its energy from renewable energy
sources.” In BiH, the potential of renewable energy is not used to the
fullest”, said Herceg.

Participants
in the panel discussion called for cooperation between countries of the region,
especially in the sharing of experience and knowledge. Each state has its own
specific experiences, such as exploitation of energy resources and the
legislative framework. States in the region have strategies and targets, with
the possibility of improving the implementation and interaction, concluded the
participants.

Renewable Energy Projects in Bosnia and Herzegovina

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