On the second day of the Energy Summit 2024, two panels discussed two important topics in the field of renewable energy sources. At the panel entitled “Investing in plants using renewable energy sources”, the emphasis was placed on the challenges and opportunities of investing in plants that use renewable energy sources and the possibilities of trading electricity in Bosnia and Herzegovina (BiH).
There was also talk about development projects of renewable energy sources, about existing problems and possible solutions, innovative approaches to structuring finances that have proven to be effective in mitigating financial challenges, and about new strategies for electricity trade in BiH, the organizers announced.
During the panel, Mirza Ustamujic (Griffin Consulting, Unisolar) drew attention to the fact that, according to data from the Central Bank of BiH, billions of domestic capital in banks, as well as the readiness of foreign investors, should be the beginning of the story of green bonds and the engagement of domestic companies such as Elektroprivreda and Energoinvest to be leaders in creating new values.
“The impact of such investments on the total GDP actually represents a generational opportunity that has been waiting for over 30 years to stimulate strong economic development but also to open up new opportunities on regional markets in the sector of renewable energy sources. In the end, it can be a clear message that our country has the capacity and strength to be a regional leader of changes and creation of positive values,” said Ustamujic.
Decarbonization and the Carbon Limit Adjustment Mechanism
The “Emissions Trading System (ETS)” panel focused on analyzing this system, which was introduced by the European Union (EU) in 2005 as a cornerstone of the Union’s climate policy, and which has proven to be successful in reducing emissions in a cost-effective manner.
BiH expects that the EU ETS and the Carbon Border Adjustment Mechanism (CBAM) implemented by the EU will have a major economic impact on the country. Therefore, it is imperative that BiH first takes the necessary steps to understand the potential EU ETS model to be applied, including MRVA, and prepare for the further implementation of the ETS in the country. The panel will bring together key players and actors in BiH, as well as in the EU, to discuss the challenges of introducing the ETS in BiH, lessons learned in the EU and the region, and the next steps to be taken, Fena writes.
Photo: Fena
