Pre-Announcement of the NAMA Facility’s Ambition Initiative: Supporting Ambitious NDCs for a Green Recovery
London and Berlin. The ambition of Nationally Determined Contributions(NDCs) closely interlinks with green recovery. This was the core message at the London Climate Action Week event “Scaling up climate action: how NDCs can inform country strategies to finance a green recovery and ramp up ambition” co-hosted by Germany and the UK (as COP26 President) on 2 July 2020. Minister Kwasi Kwarteng (BEIS, United Kingdom) and Minister Svenja Schulze (BMU, Germany) signaled their intention to support this year’s special Ambition Initiative by the NAMA Facility. To recognise and support countries that present an ambitious update of their Nationally Determined Contributions (NDCs) under the Paris Agreement, the NAMA Facility’s largest Call to date will focus on the critical links between enhanced climate action and green recovery from the impacts of Covid-19. The NAMA Facility looks forward to supporting multiple projects that both deliver scaled up climate ambition and seize the opportunity to build resilient and sustainable economies.
The NAMA Facility welcomes additional contributions by other donors to spur NDC ambition worldwide.
More detailed information on the initiative will be released shortly.
Founded in 2012, NAMA Facility Donors – the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); the United Kingdom Department for Business, Energy and Industrial Strategy (BEIS); the European Union and the Danish Ministry of Climate, Energy and Utilities (KEFM) – have until now made available up to EUR 523 million for NAMA Facility climate action.
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