Governments from the UK and Germany have combined during climate change negotiations in Qatar to launch the NAMA Facility, a project that aims to assist poorer nations in their fight against climate change.
Some €70m (£56m) of funding will be jointly pledged by the two governments to countries that want to implement transformational NAMAs, which stands for nationally appropriate mitigating actions.
For the UK’s perspective, the money forms part of the £2.9 billion committed by the Department of Energy and Climate Change (DECC) in international climate finance. DECC revealed earlier this week that £1.5 billion would be handed out before the end of the year to a number of projects in Africa and South America.
“Climate change is a global threat and with every passing year, the nature and the extent of that threat grows clearer”, said energy secretary Ed Davey in Doha yesterday.
“Climate finance is fundamental to building resilience and capacity for countries to mitigate and adapt to climate change.
“I’m delighted to announce today a joint partnership with the German government to help support those developing countries that are taking ambitious action to close the gap to 2°C.
“This will enable us to work in partnership with developing countries to deliver more results in more places.”
Germany’s contribution to the NAMA Facility will come from its dedicated climate fund, which was set up by the country’s Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).
“With the today’s launched NAMA Facility, we stress our commitment to seriously tackle global warming with innovative financing instruments”, said federal environment minister Peter Altmaier.
“We will prove that close co-operation is key for the implementation of NAMAs.”
DECC says that transformational NAMAs are “projects, policies, or programmes that shift a whole technology or sector in a country onto a low-carbon development trajectory” and points towards a sustainable housing rollout by the Mexican government as an example of a scheme the newly-launched Facility will help fund.
UK pledges funding to help developing nations fight climate change
Davey: climate concern is justified, but there is ‘reason to be hopeful’
Doha climate talks underway as Davey urges a ‘global deal’
Impacts of climate change already evident
Like our Facebook Page
The Pros and Cons of Fixed Prices for Sustainable Energy
How to Plan an Unforgettable Eco-Friendly Trip to Europe
Is Decarbonizing The Shipping Industry an Achievable Goal?
Designing Eco-Systems Sustainable Exhibits: Strategies for Reducing Environmental Impact
Green Living, Education and Awareness Are Keys to Preventing Mesothelioma
Canada Can Take New Steps to Make Healthcare Greener
Roy Bartholomew Shares Basics of Ecosystem Engineering
Understanding the Evolving Science of Environmental Health
Is Eco-Friendly Composite Decking Really Good for the Planet?
Eco-Friendly Composting Tips that All Gardeneners Should Follow
6 Home Improvements You Can Make to Help the Environment
Reduce, Reuse, Recycle: Eco-Friendly Party Favors Made for the Garden
Humane Pigeons Pest Control Tips Environmentalists Can Follow
Environmental Impact of Artificial Grass for Your Lawn
Choosing The Best Eco-Friendly Furniture Set for your Living Room
Planning an Eco-Friendly Bus Trip to Singapore with Friends
How to Travel More Sustainably While Saving Money
The Truth About The Environmental Impact of Dogs
6 Major Luxury Residential Projects Responding to Climate Change
Essential Findings to Include in Your Research Paper on Air Pollution
- Energy11 months ago
How To Choose the Right Solar Inverter for Your Home?
- Energy11 months ago
How to Choose the Best Solar Panel for Your Home
- Environment11 months ago
Reduce Industry Footprints with Sustainable Material Swaps
- Environment10 months ago
Is Smart Building Technology the Future of Sustainability?