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Reflection of the EU Energy and Climate-Change policy at the Bosnia & Herzegovina accession to the European Union

Climate change is one of the biggest challenges in the coming years to face humanity. Risks and uncertaintes for the whole planet and for future generations are enormous and must take urgent action. The European Union has for decades dedicated to the fight against climate change, both internally and internationally. The central location makes the realization of EU that energy and climate-change policy should go hand in hand. With the crisis of climate change, the Eu has triggered the action and because of concerns about high energy prices and Europe’s dependance on a few external suppliers of energy. As part of its energy and climate-change policy the EU is taking numerous measures to curb greenhouse gas emissions in all sectors. In this task, the EU is trying to achieve the following objectives: consuming less-polluting energy more efficiently, creating cleaner and more balanced transportation options, making environmentally responsible companies view without compromising their competitiveness, ensuring environmentally friendly land-use planning and agriculture and creating conditions conducive to research and innovation. The benefits of this tasks are not only environmental, but also economic. At the moment, the EU is lagging behind at only 9 % energy savings. Missing the target at this lavel will cost member states at least € 34 billion by 2020, and the opportunity to create more than 400.000 “green” jobs. This shortfall in energy savings will also mean continued to capital outflows from the EU economy through energy imports. The EU’s energy import costs soared last year at 400 billion euros. After outlining the history and present main features of the EU energy and climate-change policy, the paper explores the impact that this policy has to fulfill the conditions of the accession of Bosnia and Herzegovina to EU. The work on the other hand emphasize the potential energy, environmental and economic benefits that would be on its way to EU accession and could have Bosnia and Herzegovina conformed to the common energy and climate-change policy. In this regard cite the latest example of promising proposals for the regulation of Cohesion policy in the period 2014-2020. According to the proposal, even the of the next € 1 trillion budget go to the regional development of EU. (At roughly €130 billion a year, the EU's annual budget is equivalent to around 1% of EU national wealth, or €244 per EU citizen. The European Commission proposes raising it to €146 billion over the next seven-year period (2014-2020), or €1.025 trillion in total.) Also, Europe’s “less developed” regions will be required to invest at least six percent of their regional development funding for “low-carbon” measures to combat climate change. For the period 2014-2020, this amounts to an estimated € 7.4 billion. Through regional measures and/or through funds intended for non EU countries, the B & H may be conceiving and implementing their own energy and climate-change policy to ensure the importnace of cash flow. The aims of this work consists in contributing to the B&H’s sustainable use of natural resources, development of “green” economic growth and meets the EU Environmental Acquis.

EU energy policy, climate changes, B&H accession to the EU

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