More funding for climate action in developing countries

21.04.2015
Note: This text is from the archive.
Published on:
Sequence number: No. 086/15
Topic: International
Publisher: Federal Ministry for the Environment, Nature Conservation, Housing and Reactor Safety
Minister: Barbara Hendricks
Term of office: 17.12.2013 - 14.03.2018
18th Leg. period: 17.12.2013 - 14.03.2018

Germany, the United Kingdom, Denmark and the European Commission are making available additional funding for the reduction of greenhouse gas emissions in developing countries and emerging economies. The Federal Environment Ministry, the British Department of Energy and Climate Change, the Danish Ministry of Climate, Energy and Building and the European Commission are calling for new project proposals to fund climate action in developing countries. 85 million euros are available for this third call. Project proposals may be submitted up to 15 July 2015.

Germany and the United Kingdom established the NAMA (Nationally Appropriate Mitigation Action) facility in 2012 and provided an initial 70 million euros in order to support developing countries in implementing ambitious national mitigation measures. Another 50 million euros were added in a second round. These funds are already being used to support projects in Mexico, Costa Rica, Chile, Colombia, Indonesia, Peru, Burkina Faso, Thailand and Tajikistan.

Owing to the huge international interest in the NAMA programme, Denmark and the European Commission announced during the climate negotiations in Lima in December 2014 that they would join the programme as donors. Counting the additional funds from Denmark and the European Commission, support amounting to a total of 85 million euros will be available for more projects during the third round of calls.

NAMAs became firmly established as voluntary climate action measures by developing countries and emerging economies in the context of international climate negotiations. They are to be embedded in the respective national development plans and contribute to the low-carbon development path of the country in question. Financial support for implementation has often been lacking so far, especially for very transformative projects that try out new and innovative approaches to climate action to give economic and social processes a climate friendly spin from the beginning. This is where the NAMA facility comes in, supporting the implementation of particularly ambitious projects for greenhouse gas emission reductions.

Instruments of technical and financial development co-operation are available to the projects supported by the programme. The focus, however, is on mobilising additional funds for investments in climate-friendly technologies that will support the transformation to a sustainable, low-carbon development in the respective partner country.

21.04.2015 | Press release No. 086/15 | International
https://www.bmuv.de/PM6005-1
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