“Palestine – Low-Carbon Olive Value Chain” approved by NAMA Facility Board for implementation
The NAMA Facility Board – the UK Department for Business, Energy and Industrial Strategy (BEIS); the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the European Union have approved funding to support the implementation of an ambitious NAMA Support Project (NSP) in Palestine as part of the NAMA Facility’s 5th Call.
The NSP “Palestine – Low-Carbon Olive Value Chain” will support the government in enabling a transformation of the olive sector towards low-carbon development. It will promote sustainable production and post-harvest technologies and practices, as well as supporting low-carbon measures along the value chain and strengthening competitiveness and market access of low-carbon olive production. By the end of the NSP, the intention is that 40,000 farmers cultivating 25,000 hectares and 50 olive mills have adopted low carbon practices with increased capacities and access to finance through the NSP financial mechanisms. The technical cooperation (TC) component of the NSP will be led by the Food and Agriculture Organization of the United Nations (FAO), the financial cooperation (FC) component will be led by the Palestinian Agriculture Disaster Risk Reduction and Insurance Fund (PADRRIF).
Following the Detailed Preparation Phase (DPP), during which the NSP worked to further elaborate the proposed project concept, a comprehensive NSP Proposal was submitted to the NAMA Facility. Based on an in-depth assessment of the NSP Proposal, Donors then approved the NSP to enter the Implementation Phase.
The NAMA Facility’s support for these NSPs illustrates the Donors’ continued commitment to ambitious climate action.
The NAMA Facility is a joint initiative of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), UK’s Department for Business, Energy and Industrial Strategy (BEIS), the Danish Ministry of Climate, Energy and Utilities (KEFM), the Danish Ministry of Foreign Affairs (MFA), the European Union and the Children’s Investment Fund Foundation (CIFF).