News in English     | 14.03.2018. 16:47 |

GCF approves 2.4 million USD for sectoral climate change adaptation strategies

FENA Press release

BANJA LUKA, March 14 (FENA) - The Green Climate Fund (GCF) has approved a 2.4 million USD grant for BiH for the development of sectoral climate change adaptation strategies in the next three years, confirmed today the UNDP representatives at a meeting with Srebrenka Golić, Minister of Physical Planning, Construction and Ecology of Republika Srpska (RS).

These are the funds that Ms. Golić, as a contact person for the United Nations Framework Convention on Climate Change for Bosnia and Herzegovina, negotiated at the Conference of the Parties to the UN Framework Convention on Climate Change, which took place in Bonn in November last year.

Natalia Olofinskaja, UNDP Regional Adviser headquartered in Istanbul, pointed out that the approval of the Green Climate Fund grants for another project, besides the funds allocated to the energy efficiency project in 2017, is a great success and the result of good cooperation between this ministry and UNDP.

At the meeting, it was agreed that the Ministry of Physical Planning, Construction and Ecology of the Republic of Srpska, as a contact institution for the United Nations Framework Convention on Climate Change, and UNDP shall jointly work on the preparation of another project proposal, which will deal with enhancing resilience to extreme events caused by climate change.

The project proposal will be applied with the Green Climate Fund for grants in the amount of 10-15 million dollars, announced today the RS Ministry of Physical Planning, Construction and Ecology.

Ms. Golić said that extreme climatic events, such as floods and droughts, were increasingly more frequent in RS and BiH and reminded that as many as five devastating flood events have been recorded in the last 10 years, and that the last flood in 2014 caused in the entire BiH damage of 4 billion KM or 15 percent of GDP, and what is most tragic - human casualties.

“Changes in temperature carry with them changes in precipitation distribution, which means that in the future, a more frequent occurrence of extreme flood events can be expected. This project will enable these phenomena to be adequately monitored and, on the basis of the right information, to implement adequate measures to adapt to extreme flood events and to reduce damage in the sectors that are most vulnerable to floods, such as agriculture and the hydropower sector,” said Minister Golić.

(FENA)
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