NAMA Facility Announces Second Round of Funding through the ‘Ambition Initiative’
Since the closure of the Ambition Initiative Call in May 2021, several additional countries have submitted NDC updates. This development has been gaining further momentum in the run up to the UN Climate Change Conference UK 2021 (COP26). At COP26, held in Glasgow from 31 October to 12 November, the Nationally Appropriate Mitigation Action Facility (NAMA Facility) has announced Ambition Initiative – Round Two. This funding opportunity of up to EUR 100 million 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 based on their updated NDCs to further mobilise ambitious climate action as countries recover from the Covid-19 pandemic.
Commenting on the NAMA Facility in 2021, Minister Svenja Schulze of the German Ministry of Environment, Nature Protection and Nuclear Safety said:
The UK Clean Growth, Energy and Climate Change Minister Greg Hands said:
“The UN COP26 climate summit has demonstrated the importance of supporting countries in all parts of the world, if we are to keep the 1.5C degrees target within reach.”
In response to the Ambition Initiative – Round Two launch, Kate Hampton, CEO of the Children’s Investment Fund Foundation, stated:
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 year1.
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.
Download application documents for Ambition Initiative – Round Two.