The World Bank’s Board of Executive Directors approved on May 1st a EUR 79.90 million loan and a EUR 2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan, enhance energy independence, foster new job opportunities, and strengthen local economies in former coal regions.
The Just Transition in Select Coal Regions of Bosnia and Herzegovina Project will help repurpose post-mining lands inBanovići, Zenica, and Kreka, and facilitate the closure ofunderground works in Zenica. The project will also support the installation of renewable energy systems at Banovići and Kreka mines. It will also provide social protection measures and skills development programs to workers and communitiesseeking opportunities outside the coal sector.
“This new project is an opportunity to boost Bosnia and Herzegovina’s energy security while supporting communities,making sure no one is left behind,” said Christopher Sheldon, World Bank Country Manager for Bosnia and Herzegovina and Montenegro.
Bosnia and Herzegovina is actively developing a National Energy and Climate Plan which aims to reduce greenhouse gas emissions as part of its goal to decarbonize its power sector by 2050. Building on this commitment, the World Bankwill help ensure mine closure is environmentally and socially responsible, supporting new job opportunities, and strengthening local economies in former coal regions.
