Germany and the United Kingdom launch “NAMA Facility” in Doha
DECC, UK: During the climate negotiations in Doha, Qatar, the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the Department of Energy and Climate Change (DECC) of the United Kingdom (UK) launched the “NAMA Facility” to support partner countries to implement ambitious action against climate change. The NAMA Facility is designed to support developing countries that show strong leadership in tackling climate change and want to implement transformational Nationally Appropriate Mitigating Actions (NAMA). Transformational NAMAs are projects, policies, or programmes that shift a whole technology or sector in a country onto a low-carbon development trajectory. Developing countries are preparing NAMAs as part of their national strategies. However, it is difficult to access finance through existing commercial and public channels to finance implementation, particularly for the most innovative NAMAs. By applying a competitive selection process the Facility will improve the value for money and quality of NAMAs and enable their implementation. It is intended that the Facility will support investments across a range of countries and sectors with grant funding as well as loan finance. (Source: http://www.decc.gov.uk/en/content/cms/news/pn12_159/pn12_159.aspx)