As the United Nations climate negotiations (COP18) in Doha, Qatar move into the final hours, the UK and Germany have announced a joint venture to help partner countries take action against climate change.
The German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the Department of Energy and Climate Change (DECC) will together provide €70 million funding for the NAMA – or Nationally Appropriate Mitigating Actions – Facility.
The Facility will support developing nations, which are preparing NAMAs as part of their national climate change strategies. It is aimed at helping drive investments across a range of countries and sectors.
For example, the Facility will support the Mexican Government implement a NAMA programme on sustainable housing by helping to establish the necessary framework conditions.
German Federal Environment Minister Peter Altmaier and UK Energy Secretary Ed Davey made the announcement in Doha yesterday.
“With the today’s launched NAMA Facility, we stress our commitment to seriously tackle global warming with innovative financing instruments. We will prove that close cooperation is key,” said Altmaier.
While the BMU will put up €40 million from the Special Energy and Climate Fund, DECC will allocate £25 million from the International Climate Fund (ICF).
UK pledges £1.5 billion to help developing world tackle climate change (5-Dec)
Still hope for UN climate change talks, says UK Energy Secretary (3-Dec)
Clean energy investment falling short of international promises (27-Nov)
Article source: http://www.energyefficiencynews.com/i/5613/