Japan funds climate action in Bosnia and Herzegovina to support inclusive decarbonization – Sarajevo Times

The United Nations Development Program (UNDP) has received a new contribution of $1.87 million in climate finance from the Government of Japan to support the concrete implementation of climate plans, such as the Nationally Determined Contribution ( NDC), in Bosnia and Herzegovina.

Japan’s contribution to UNDP’s ambitious Climate Promise initiative will help Bosnia and Herzegovina meet the urgent need to reduce its heavy dependence on fossil fuelsthrough a just transition mechanism, focused on leaving no one behind, equitable and gender-sensitive measures.

In cooperation with the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina, the project will work to lay the foundations for a just transition to a low-carbon economy by creating the Blueprint for Transition Strategies just for all” and the Just Transition of Bosnia and Herzegovina. for three carbon-intensive industries (electricity, steel and cement), accompanied by capacity building activities for stakeholders, vulnerable groups and industry. The project will also provide funding for the decarbonization of at least 20 SMEs.

In the revised NDCs, Bosnia and Herzegovina pledged to reduce greenhouse gas emissions by 33.2% by 2030 and almost 66% by 2050, compared to 1990 levels, the energy sector and carbon-intensive industries being at the heart of the transition to a low-carbon economy. . Bosnia and Herzegovina is also a signatory to the Sofia Declaration, thereby committing to work towards the 2050 goal of carbon neutrality.

“To be able to make concrete progress towards the NDCs and the Sofia declaration, Bosnia and Herzegovina must work without further delay to decarbonise the economy. This transformation of the economy towards a low-carbon economy must embrace the needs of the most vulnerable, be inclusive and fair. This approach reflects UNDP’s strong commitment to addressing inequality and poverty while advancing climate action,” said Steliana Nedera, UNDP Resident Representative in Bosnia and Herzegovina.

HE Ito Makoto, Japanese Ambassador to Bosnia and Herzegovina said:“As we move towards a more carbon-neutral global economy and greenhouse gas emissions are continuously reduced in all aspects of society, we must be aware of its implications for the economy and citizens. Societies around the world are on the front lines of this transition and need support to overcome the challenges and impacts this transition may have on them. The Government of Japan is committed to providing support to countries like Bosnia and Herzegovina in the implementation of their national climate commitment through financial support, technology transfer, and the sharing of Japan’s vast and rich experience of just transition and human security.

UNDP Climate promise is the largest global offering of climate and development support to countries in achieving their national commitments to the Paris Agreement, ensuring clean and just energy transitions towards net-zero pathways and a future resilient to climate impacts.

At COP26 last year, UNDP launched the next phase of the Climate Promise – From Commitment to Impact – by stepping up support to turn NDC goals into concrete actions in at least 100 countries. Japan becomes the biggest supporter of this phase of the pioneering and revolutionary initiative and joins long-standing financial partners Germany, the EU, Sweden, Spain, Italy, as well as the new funding partners from the UK, Belgium, Iceland and Portugal to accelerate these efforts.

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