Energy Efficiency

Proposals sought to develop innovative financing mechanism to improve energy efficiency in public buildings

Photo: Pixabay

Published

October 23, 2018

Comments

0

Share

Published:

October 23, 2018

Comments:

0

Share

The United Nations Development Programme (UNDP) in Bosnia and Herzegovina (BiH) has issued a request for proposals for the delivery of developed models for an innovative financing mechanism for the implementation of the Low-Carbon Urban Development Concept (LCUD) under the Catalyzing Environmental Finance for LUCD project.

Due to a long period of neglect and under-investment, public infrastructure in the buildings sector in BiH is now in a dire state and in urgent need of upgrade and modernization. In its Nationally Determined Contribution (NDC) under the Paris Agreement, BiH explicitly recognizes the potential of public sector buildings for greenhouse gas (GHG) emission reduction and emphasizes that to “increase emission reduction amount and develop a sustainable system for public building renovation, international financial support is required,” the request for proposals recalls.

The project activities are aimed at developing an optimal model of a sustainable financial mechanism for energy efficiency projects; providing capacity building for various public building sector stakeholders, municipal energy managers and Energy Service Companies (ESCO), as well as entity- and state-level authorities in the area of energy and environment management; and developing necessary regulations for instituting the polluter pays principle (PPP) and improving the system for collecting PPP fees.

The deadline for submission is November 9 at 10 am.

The project, financed by the Green Climate Fund (GCF), strives to overcome identified barriers to investment in low-carbon retrofits of public buildings and to use an added co-finance from a range of sources, such as Environmental Funds, entity and municipal budgets, and international organizations (UNDP, GEF, the World Bank, SIDA).

Projects to help cut GHG emissions

Overall, the project will result in a direct reduction in greenhouse gas (GHG) emissions of 2.02 million tonnes of CO2 equivalent (tCO2e) over the lifetime of the investments enabled.

Additionally, significant indirect emission cuts can be expected –7.1 – 8.1 million tonnes of CO2 reduction due to the project enabled market transformation.

The project will directly benefit 150,000 people – occupants and users of public buildings (4% of the total population) and will lead to the creation of over 5,630 new full-time equivalent (FTE) jobs, according to the request for proposals.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

montenegro eco fund subsidies heat pump solar panels

Montenegro subsidizes solar panels, heat pumps for municipalities

21 February 2024 - The Montenegrin Eco Fund has prepared subsidies in the total value of EUR 150,000

Curbing Energy Demand Not Tomorrow, but Now

Curbing energy demand: not tomorrow, but now

19 February 2024 - Europe is bringing CO2 emissions down, by 8% last year, with two powerful strategies: expanding renewables and reducing energy demand

Romania grants EUR 418 million power distribution grid upgrades

Romania grants EUR 418 million for power distribution grid upgrades

19 February 2024 - Romania signed deals with the country's regional power distribution system operators for EUR 418.2 million in grants

sarajevo-canton-coal-air-strategy

Sarajevo draws up strategy to cut household heating emissions by 90%

12 February 2024 - The Sarajevo Canton government has prepared a strategy for limiting the use of coal and other solid fuels for the period 2023-2033