The Forum gathered government and business community leaders from 15 countries of the wider Mediterranean, including representatives of Bosnia and Herzegovina.
As part of a panel devoted to the European path of Bosnia and Herzegovina, USAID’s EIA presented a paper on “Energy Efficiency Investment Benefits and How to Achieve Them”, which was featured in the book titled “Vision 2020 Bosnia and Herzegovina – Towards its European Future.” The book recommends a number of reforms necessary to move the country forward, one of them being EIA’s recommendations for the development of a market-based instrument for financing energy efficiency measures – the Energy Efficiency Obligation (EEO). The Bosnia and Herzegovina: Towards Its European Future Panel was opened by Vildana Selimbegovic, Editor-in-Chief of the newspaper Oslobodjenje; and the panelists were Adnan Muminovic advisor to the Head of the European Union Delegation in BiH, Valentin Inzko – High Representative OHR in BiH, Goran Mirascic – Operation Officer The World Bank Group in BiH, and Mak Kamenica the USAID EIA DCOP.
“EEO schemes have proven to be excellent mechanisms to stimulate the economy of the countries that implement them. Through this instrument, energy efficiency measures are financed on a large scale through a domestic financing source that does not depend on donor funding or loans. This has far-reaching impact on energy security, job creation in the construction, industrial, and service sectors. The EEO mechanism can help energize the BiH economy, which is why it is viewed as a development mechanism” – stated Mak Kamenica, USAID EIA Deputy Chief of Party.
To date, the U.S. Government, primarily through USAID, has provided more than $1.7 billion in assistance to support economic, democratic and social progress in BiH.