NAMA Facility Ambition Initiative – Round 2

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The NAMA Facility launches the second round of the successful Ambition Initiative at COP26 with a funding volume of 100 million euros. Photo: NAMA-Fazilität

Since the closure of the Ambition Initiative Call in May 2021, several additional countries have passed NDC updates. This development has been gaining further momentum in the run up to the UN Climate Change Conference UK 2021 (COP26). At COP26 the Nationally Appropriate Mitigation Action Facility (NAMA Facility) has announced Ambition Initiative - Round Two. This funding opportunity of up to 100 million euros will support Official Development Assistance (ODA)- eligible countries to strengthen the implementation of ambitious and enhanced NDCs.

With contributions from the UK and German governments and the Children’s Investment Fund Foundation (CIFF), Ambition Initiative – Round Two will offer developing countries and emerging economies another opportunity to submit NAMA Support Projects (NSPs) based on their updated NDCs to further mobilise ambitious climate action as countries recover from the Covid-19 pandemic.

The second round of the Ambition Initiative Call for Outlines will remain open from 9 November 2021 until 30 April 2022. The second round will once again support a combination of technical and financial assistance to allow partner countries to fulfil their climate commitments, while fostering carbon-neutral economic development and green recovery efforts.

The NAMA Facility currently oversees a diverse portfolio of projects at household and industrial levels in 28 developing countries and emerging economies in Asia, Africa and Latin America. Sectors relevant to reducing carbon emissions feature in the NAMA Facility portfolio, notably renewable energy, energy efficiency, transportation, agriculture, land use, forestry and waste. So far, NAMA Support Projects have contributed to 5.1 million tons in greenhouse gas emissions reductions (CO2e), the equivalent of taking 1.1 million passenger vehicles off the road for one year.

Through the Ambition Initiative – Round Two, the NAMA Facility wants to signal to potential applicants that if developing countries and emerging economies are eager to ramp up the implementation of ambitious NDCs, support is available.

Further information

For further information on the NAMA Facility Ambition Initiative, see: www.nama-facility.org