The Decarbonisation Challenge, implemented in 2021, was an intervention looking to identify and engage five Small and Medium Enterprises (SMEs) from BIH to recover smarter and better, and to setup sustainable approaches for future operation by piloting specific short-term interventions that would contribute to the decarbonisation of their business operations.
The SME Decarbonisation Challenge contributed to sustainable and green recovery of the private sector in BiH by supporting pioneer companies in:
- Decreasing their energy intensity;
- Fuel switch from fossil fuels to renewables;
- Controlling GHG emissions;
- Controlling air pollutant emissions.
The goal of this initiative was to support companies in development of the tangible and replicable approach towards decarbonisation.
UNDP in BIH intends to widen the portfolio of solutions for a sustainable economic recovery and support further transformation of business practices in BIH towards carbon neutrality. The stimulus packages to support the economic recovery will only be just and efficient if they support the transition to a resource-efficient, green, and circular economy.
As many as 38 companies responded to the call for expressions of interest, and following the evaluation of the received applications, five companies were selected to participate. The proposed projects contributed to decarbonisation and show a path towards a central aim of the decarbonisation strategy – getting to net zero emissions and stabilizing climate change.