The International Climate Initiative
The NAMA Facility
As announced during the climate negotiations 2012 in Doha, Qatar, the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the Department of Energy and Climate Change (DECC) of the United Kingdom (UK) jointly established the NAMA Facility, and will jointly contribute an initial €70 million of funding to support developing countries that show leadership on tackling climate change and that want to implement ambitious climate protection measures (NAMAs).
In the context of international climate change negotiations, NAMAs (nationally appropriate mitigation actions) are considered to be voluntary climate protection measures taken by developing countries, which are embedded within their plans for national development. These contribute to bringing the respective country on to a low-carbon development trajectory.
In previous years, developing countries have prepared a multitude of ambitious climate protection measures - also with support from the International Climate Initiative (IKI). However, accessing finance for implementation through existing commercial and public channels has proven difficult, particularly for the most innovative parts of NAMAs. The NAMA Facility builds on previous support and addresses the demand for tailor-made climate finance by funding the implementation of ambitious country-led NAMAs, thus delivering concrete greenhouse gas reductions on the ground.