NAMA Facility Donors Select Four NAMA Support Projects from Ambition Initiative – Round Two to Develop Proposals
In a renewed commitment to ambitious climate action, the United Kingdom, Germany and the Children’s Investment Fund Foundation (CIFF) made up to EUR 100 million available for NAMA Support Projects (NSPs) under the Ambition Initiative – Round Two. In this Call, the NAMA Facility received 40 NSP Outline submissions. All NSP Outlines were assessed through a desktop and some through an in-depth assessment. The latter involves a rigorous fact-finding mission conducted by the Technical Support Unit and external experts and includes interviews with various stakeholders that will be engaged throughout the NSP development process.
The NAMA Facility is pleased to announce the following Ambition Initiative – Round Two NSPs entering the Detailed Preparation Phase (DPP):
- Mongolia Clean Heating
- Namibia Biomass
- Nepal Sustainable Forest Management (SFM) and Bioenergy
- Paraguay Public Transport
Upon entering the DPP, NSPs receive funding and access to expertise to further elaborate their submitted Outline into a robust NSP Proposal within 10 or 15 months. Activities under this phase include conducting the required baseline and feasibility studies for establishing the financial mechanism, verifying the mitigation potential, and conducting other activities that might be necessary to produce a high-quality NSP Proposal and make the project ready for implementation. Upon the conclusion of the DPP, the NSP Proposals undergo a detailed assessment. Based on its results and available funding, the NAMA Facility Board decides on the most ambitious yet feasible NSPs to enter the Implementation Phase.
The NAMA Facility Board announced the Ambition Initiative – Round Two, the second round of funding under the Ambition Initiative Call, at the NAMA Facility’s COP26 side event in Glasgow in November 2021. Read more about the Ambition Initiative – Round Two.
With a total funding volume of EUR 668 million, 9 Calls conducted and 47 NSPs selected, the NAMA Facility supports ambitious climate mitigation action in developing countries and emerging economies around the world by providing funding for the development of Nationally Appropriate Mitigation Actions, or NAMAs. Within the context of the Paris Agreement, these NAMAs act as building blocks for Nationally Determined Contributions (NDCs) implementation, as countries strive to meet their climate goals. The NAMA Facility’s Donors seek to support countries taking ambitious action in pursuit of these aims.