NAMA Facility: Inspiring Ambitious Action on Climate Change
Our Vision is to:
Accelerate carbon-neutral development1 to keep temperature increases to well below two degrees Celsius by supporting NAMA Support Projects that effect sector-wide shifts toward sustainable, irreversible, carbon-neutral pathways in developing countries and emerging economies.
Our Mission is to:
- Finance innovative projects that tackle specific local challenges for reducing emissions in sectors and countries with strong potential for up-scaling, replication and the ability to influence wider sectoral changes.
- Unlock investment opportunities by providing tailor-made climate finance to fund projects with the potential to:
i. Strengthen country ownership to deliver carbon-neutral activities and closely align these activities with the country’s NDC and other relevant climate and development plans;
ii. Pilot financing models to overcome market barriers to carbon-neutral development;
iii. Deploy innovative technologies and approaches, which require donor financing to support national development plans; and
iv. Boost participation of the private sector to deliver carbon-neutral activities.
Our Approach is to:
Select the most transformational NAMA Support Projects (NSPs) from across all sectors and developing countries and emerging economies through open competitive Calls – those with the potential to improve, for example, the way that people live, work and move around while also catalysing larger changes across a sector.
The 7th Call
In January 2020, the NAMA Facility announced a new funding commitment of up to EUR 60 million from Germany and the United Kingdom in support of the 7th Call for the submission of NSP Outlines. NSP Outline submissions to the 7th Call officially opened on 1 April 2020 and is now closed.
Furthermore, in recognition of both the strength of the NAMA Facility’s project pipeline and the country’s commitment to the NAMA Facility, the United Kingdom announced an additional contribution of up to EUR 38 million to the NAMA Facility to support NSPs from past and future Calls.
The Ambition Initiative - Supporting Ambitious NDCs for a Green Recovery
On 02 July 2020, Minister Kwasi Kwarteng (BEIS, United Kingdom) and Minister Svenja Schulze (BMU, Germany) signalled their intention to support this year’s special Ambition Initiative by the NAMA Facility. To recognise and support countries that present an ambitious update of their Nationally Determined Contributions (NDCs) under the Paris Agreement, the NAMA Facility’s largest Call to date will focus on the critical links between enhanced climate action and green recovery from the impacts of Covid-19. The NAMA Facility looks forward to supporting multiple projects that both deliver scaled up climate ambition and seize the opportunity to build resilient and sustainable economies.
The NAMA Facility welcomes additional contributions by other donors to spur NDC ambition worldwide.
More detailed information on the initiative will be released shortly.