Supporting the Nitric Acid Climate Action Group (NACAG)
As of: August 2020
Objective and activities
The project aims to support countries participating in the NACAG Initiative by means of a technical advisory and support unit (TBU) for planning and implementing specific measures for a sustainable reduction of N2O emissions. To this end, the project will also function as a global knowledge management and strategic networking platform. The transformative potential of the initiative is signification and could result in mitigation accounting to approx. 200 million t CO2-eq reductions by 2020. The project’s advice should enable its partners to improve legal and institutional framework conditions for continues N2O mitigation, which can provide an added value to international processes, such as implementing nationally determined contributions (NDCs). In addition, a mechanism for results-based financing of N2O mitigation will be designed.
State of implementation/results
- The NACAG declaration was signed by Argentina, Jordan, The Federation of Bosnia and Herzegovina, Mexico, Tunisia, Zimbabwe, Indonesia, Vietnam. These countries have thus formally expressed their interest in cooperation.
- Following the signing of the Undertaking the financing contract for the start-up is becoming more efficient. Reduction technique are prepared. The countries have to keep the nitric acid sector permanently low in emissions and to introduce appropriate regulations. With successful implementation, a reduction potential of 500,000 tonnes CO2eq can be achieved here.
- Some companies have already applied for support for the installation of mitigation technology by NACAG. This shows support from the private sector for the initiative.
- The NACAG Secretariat traveled to Egypt, Algeria, Argentina, India, Indonesia, Kazakhstan, Turkmenistan, Zambia, Zimbabwe and South Africa to present NACAG to the respective Ministries of the Environment and plant operators and to prepare the signing of the Declaration of Commitment.
- Non-financial support countries as well as international chemical companies are also exchanging views with the NACAG Secretariat on nitrous oxide emissions reduction.
- Intensive exchange also exists with China, although no direct financial support is possible.
- The auction program, which is being carried out in cooperation with the World Bank, has met with great interest, especially from the private sector. The number of participants in informative webinars continues to increase.
- The initiative was presented and received with great interest at the India Climate Policy and Business Conclave.
- Internet presence (www.nitricacidaction.org) and short film on the initiative have been and are constantly being updated.