The European Union and the Federal Republic of Germany continuously support energy efficiency projects with the aim of transitioning to a sustainable economy with low carbon emissions. While energy efficiency has been a key priority in Europe for many years, according to experts, in Bosnia and Herzegovina interest in investments in the savings system has only recently increased.
Within the framework of the project COVID-19 Investment Response / EU4BusinessRecovery, German Agency for International Cooperation (GIZ) started cooperation with the Ministry of Economy of the Sarajevo Canton in order to jointly support the energy transition for small and medium-sized enterprises from the area of the Canton of Sarajevo.
Given that GIZ in BiH is already implementing the energy transition program for small and medium-sized enterprises on behalf of the German government, cooperation with the Ministry of Economy of the SC will enable better and more efficient implementation of the project.
“Together we will co-finance the preparation of an energy audit and its implementation for a certain number of small and medium-sized companies in the Sarajevo Canton area that express interest and apply to the public call that is currently open,” said Danija Krieg, project manager of the COVID-19 Investment Response/EU4BusinessRecovery.
The European Union, as well as FR Germany, finance and support a number of energy efficiency projects, including research and innovation projects, regional development projects and financing of energy efficiency measures in the public sector.
These projects help reduce energy consumption, reduce greenhouse gas emissions and promote a more sustainable, low-carbon economy, ultimately mitigating the effects of negative climate change.
The project COVID-19 Investment Response/EU4BusinessRecovery aims to provide support to Bosnia and Herzegovina in mitigating the consequences caused by the COVID-19 pandemic.
The project is worth 13.7 million euros, and it is co-financed by the European Union with 13 million euros and the Federal Republic of Germany with 700 thousand euros. It is jointly implemented by GIZ, ILO and UNDP.
Green Recovery is a component of the COVID-19 Investment Response/EU4BusinessRecovery project, funded by the German government and implemented by GIZ.
