1. Introduction Challenges in Collecting Climate Finance Data: Case Study for Bosnia and Herzegovina

This paper examines the importance of proper accounting records of climate finance, both because of the obligations Bosnia and Herzegovina assumed as a member of the United Nations Framework Convention on Climate Change (UNFCCC), and securing future climate finance and international sources. The research problem is posed by the question: to what extent has the climate finance recording system been established in Bosnia and Herzegovina? The following statement defines the hypothesis of the paper: The degree of establishment of the system of internal financial controls ensures business improvement. After the research, we will reject, partially confirm, or fully confirm the primary hypothesis of the work. In the first part of the paper, we analyze the concept of climate finance and the challenges in collecting data on climate investments. In the continuation of the paper, we deal with the constitutional arrangement of Bosnia and Herzegovina and propose establishing a mechanism for recording investments and reporting regarding climate finance.