Germany, UK Launch Joint Initiative for NAMA Support
6 December 2012: The German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the Department of Energy and Climate Change (DECC) of the UK have launched the "NAMA Facility" to support countries to implement Nationally Appropriate Mitigation Action (NAMAs) to address climate change.
The NAMA Facility, which was launched during the climate change negotiations in Doha, Qatar, is aimed at supporting developing countries willing to implement transformational NAMAs, which are projects, policies, or programmes that shift a whole technology or sector in a country towards a low-carbon development trajectory. The Facility will support investments with grant funding and loan finance, and will receive about 70 million Euros of funding from Germany and the UK. A competitive selection process will be used to improve the value for money and quality of NAMAs to be funded.
The first project to be supported by the Facility will assist the Mexican Government in implementing a NAMA programme for sustainable new housing. The project aims to enable the required framework for sustainble housing, focused on the energy performance of buildings. [Information by the German BMU] [International Partnership on Mitigation Press Release] [Background Information on NAMA Facility]