Mayor of Nis Milos Simonovic and President of the Italian company Amest Felice Scoccimaro signed yesterday in the presence of Serbian Minister of Environment, Mining and Spatial Planning Oliver Dulic the Agreement on preparation of project documentation and implementation of CDM project on the Bubanj waste dump in Nis.

Dulic explained that the Clean Development Mechanism (CDM) involves the application of projects for reduction of gas emissions in countries that signed the Kyoto Protocol and said that the project in Nis will solve the problem of the methane accumulated in the old part of the waste dump, which is an ecological bomb for this city.

Italian Ambassador to Serbia Armando Varricchio said that this agreement should encourage all stakeholders to implement CDM projects, adding that Italian companies are looking for a clear legal framework for investment in the business.

Varricchio said that Italy is interested in participating in these projects and that the Nis region is of special importance.

Mayor of Nis Milos Simonovic said that Nis is the first city in Serbia to begin implementing the Kyoto Protocol, adding that the use of methane to make electricity sends a message to all interested parties in Serbia that they should invest in green technologies.