NAMA Facility: Inspiring Ambitious Action on Climate Change
Vision:
Accelerate low carbon development to keep temperature rises to well below 2°C by financing measures that shift challenging sectors in a country towards a sustainable, irreversible, low carbon pathway.
Mission:
Financing innovative projects that tackle specific local challenges for cutting emissions in sectors and countries with strong potential for being scaled up, replicated and able to influence wider sectoral changes.
Unlocking investment opportunities by providing tailor-made climate finance to fund projects with potential to:
Strengthen country ownership to deliver low carbon activities and aligning them closely with country’s NDC and other relevant climate and development plans;
Pilot financing models to overcome market barriers to low-carbon development;
Use innovative technologies and approaches that need donor financing to deliver on country plans; and
Boost participation of the private sector to deliver low carbon activities.
Approach:
Select through open competition the most transformational NAMAs from across all sectors and all developing countries – those with the potential to improve, for example, the way that people live, work and move around while also catalysing bigger changes across a sector.
As announced during the climate negotiations 2012 in Doha, Qatar, the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) and the Department for Business, Energy and Industrial Strategy (BEIS) of the United Kingdom (UK) jointly established the NAMA Facility. In 2013 they contributed jointly an initial EUR 69 million* of funding to support developing countries and emerging economies that show leadership on tackling climate change and that want to implement ambitious climate protection measures (NAMAs). BMUB and BEIS jointly contributed an additional EUR 49* million, to fund a 2nd bidding round for NAMA Support Projects 2014. The Danish Ministry of Energy, Utilities and Climate (EFKM) and the European Commission joined the NAMA Facility as new Donors in 2015. The 3rd call for NAMA Support Project Outlines was made possible due to a joint contribution of additional funding of up to EUR 84* million by BMUB, BEIS, EFKM and the European Commission. Recognizing the current and future role of NAMAs in the climate architecture, BMUB and other donors continue to provide tailor-made funding for their implementation in partner countries. They jointly provide up to EUR 59* million for a 4th Call of the NAMA Facility.
