Belgrade, 17 April 2019 – The Ministry of Environmental Protection and the United Nations Development Program (UNDP) presented the results of the Climate Incubator and allocated funds for the implementation of innovative technology solutions and business models for reducing greenhouse gases in five municipalities and cities, but also throughout Serbia because of the high possibility of replication.

The grants for the co-financing of technological solutions and business models were granted to the following companies: JKP “Toplana-Šabac”, “Eso Tron”, “Jugo-Impex doo”, “Sanicula Co doo” and “GreenEnergy Point doo”. Iimplementation of their ideas will contribute to the increase of energy and cost efficiency, increase in the share of energy produced from renewable sources, stimulate the circular economy and improve waste management throughout Serbia, especially in Nis, Paracin, Boljevac, Rumenka, Sabac.

The representatives of five winning teams have signed agreementsand funds were allocated to co-finance the implementation of their five projects. The total value of the awarded grant is $ 470,000, and the total investment value is about $ 11,000,000. The expected reduction of the greenhouse gas emissions, over the life span of the awarded projects, is 500,000t CO2 equivalent.

“Climate Smart Urban Development Challenge“ is one of the most important projects the Ministry of Environmental Protection implements because it entails expertise, financial support, innovation and concrete results,” said Minister Goran Trivan. „It is enough for Serbia to be polluted, we want to solve the environmental issues together and through concrete actions. The Ministry will continue to support innovative ideas and new technological solutions that will give tangible results in the fight against climate change, but also will improve the overall quality of the environment,” Minister Goran Trivan emphasised at the signing ceremony.

“In addition to supporting the development of innovative ideas through the Climate Incubator, UNDP also helps in their implementation to contribute to the climate change mitigation and to support sustainable development goals in Serbia. Addressing climate also makes good business sense. Greenhouse gas targets save money through improvements in energy and operational efficiency, reduce production costs and enhance product sales, making them more competitive,” said UNDP Resident Representative in Serbia Steliana Nedera.

Public call “Innovation Challenge”, announced within the “Climate Smart Urban Development Challenge“, joint project of the Ministry and UNDP, has helped to identify and source innovative, climate smart development ideas and projects that reduce greenhouse gas emissions and support the climate resilience of local communities in Serbia. In addition to initial financial support, the award-winning innovators had the opportunity to develop their ideas in the mature projects ready for implementation, in the “Climate Incubator/Accelerator” established within the project.