On 2 June 2023, the Mitigation Action Facility (formerly NAMA Facility) launched the new Call for Projects 2023 at the Global NDC Conference in Berlin, Germany with a clear focus on the priority sectors energy, industry, and transport accounting for two thirds of global annual greenhouse gas (GHG) emissions.
This Call for Projects has a funding volume of up to EUR 100 million and seeks to support initiatives that accelerate the reduction of global emissions in the energy, transport, and industry sectors. This includes the deployment of new clean technologies in industries to make them more energy efficient and the development of financial mechanisms that will facilitate private sector funding into greener initiatives that will bolster energy security. Ambitious and targeted action in these sectors will be needed to meet global net-zero emissions by 2050.
Re-launched at COP27, the Mitigation Action Facility is an agile, grant-based fund that supports developing countries and emerging economies reduce emissions and deliver their climate goals through technical and financial assistance. This support focuses on developing policies and regulations that helps create the right conditions to attract private sector investments and, improve the affordability and accessibility of clean technologies.
The Call for Projects 2023 features a newly added Project Concept Phase aimed at simplifying the application process and opening the competition to a wider range of potential applicants and partners and is open for two months from 2 June until 31 July. Ambitious Concepts will be accepted from any ODA-eligible country for projects with the value of up to EUR 25 million lasting 3-5.5 years.
Beyond its aim of supporting the implementation of ambitious NDCs and Long-term Strategies (LTS), the Mitigation Action Facility strives to fund projects that are in alignment with the Breakthrough Agenda Report recommendations and – in the context of the respective partner country – contribute to initiatives such as the Just Energy Transition Partnerships (JETPs) and the Climate Club. This is possible given the Facility’s focus on the priority sectors that are key to accelerate the shift towards net-zero pathways and keep the Paris Agreement goal of limiting the global temperature rise to 1.5 degrees Celsius in reach.
Germany’s Federal Minister for Economic Affairs and Climate Protection, Robert Habeck, said:
“Accelerating the global implementation of ambitious climate action is our central political task, today and in the years to come. The global socio-ecologic transformation requires steady climate finance flows for sectoral net-zero policies, technologies and investments. With the Mitigation Action Facility we established a gateway for multilateral cooperation on mitigation and to assist partner countries to drive forward the decarbonization of their economy and society.”
UK Minister of State for Energy Security and Net Zero, Graham Stuart, said:
“We are proud of the world-leading efforts we’re making to move from fossil fuels to cleaner, cheaper and more secure renewable energy sources – and we want to do all we can to help other countries follow suit. This new Mitigation Action Facility, backed by UK Government funding, will support developing countries decarbonise their energy, transport and industrial sectors, cutting their overall emissions, and helping us keep 1.5 alive globally.”
More information on eligibility and how to apply can be found on the webpage of the Call for Projects 2023.