25.08.2020

NAMA Facility Annual Report 2019

NAMA Facility Illustration

Founded in 2012, the NAMA Facility has provided over EUR 520 million for climate change mitigation projects through its donors. Photo: NAMA Facility

The NAMA Facility has been supporting ambitious climate action since 2013. Established by Germany and the United Kingdom, it was later joined by Denmark and the European Union as additional Donors. The NAMA Facility seeks to effect transformational change through its NAMA Support Projects (NSPs), which contain both technical and financial components and deploy innovative financial mechanisms that seek to unlock both private and public investment.

NAMA Facility Donors have committed over EUR 520 million to support climate action along carbon-neutral development pathways. To date, 34 NSPs have received support and seven Calls for the submission of NSPs have been launched, with a  special Call Ambition Initiative, now planned for 2021. Through these Calls, the NAMA Facility provides climate finance for mitigation projects across sectors, with all countries on the OECD DAC list being eligible for support. 

Rice farmersThe NAMA Facility is also a learning hub, developing publications and other materials to share with the wider climate finance community. In support of applicants submitting potential NSPs as part of a Call, the NAMA Facility also offers tools and guides, such as informational webinars and detailed application materials.

2019 has been a successful year for the NAMA Facility, as reflected in its 2019 Annual Report. In an effort to enhance transparency, the report is publically accessible for the first time.

Evolving on ambition, policies and project portfolio

The Facility‘s portfolio further evolved in the past year with the 6th Call seeing 51 outlines submitted requesting close to EUR 750m. This shows continued interest in both the Nationally Appropriate Mitigation Actions (NAMAs) and the offer of the NAMA Facility. A total of five outlines were selected for the Detailed Preparation Phase (DPP), while six NSPs were approved for implementation from a diverse range of sectors such as renewable energy, agriculture and energy efficiency

Importantly, NAMA Facility Donors raised ambition from contributing to low-carbon development to supporting carbon-neutral development. To further catalyze its work, NAMA Facility approved and implemented a range of policies throughout 2019: These included the knowledge creation strategy and corresponding three-year work plan, a risk appetite framework, a project cancellation policy and an updated version of the NAMA Facility’s communication strategy.

Throughout the year, the NAMA Facility continued exchanges with climate finance stakeholders (Climate Investment Funds, GCF) on a wide range of topics, most prominently on transformational change during the Bonn Climate Conference 2019.