Upcoming Climate Finance Opportunities in the GCF and NAMA Facility
On May 13th and May 21st, 2015, CCAP held two videoconferences around recent developments in the NAMA Facility and the Green Climate Fund (GCF) with Asia and LAC countries in our Mitigation Action Implementation Network (MAIN). Participants representing ministries of energy, climate change, environment and development across nine countries attended. CCAP shared new information about the NAMA Facility’s Third Call for proposals and recent developments in the GCF. MAIN countries discussed their plans to submit proposals to each of these funding sources.
The NAMA Facility and the GCF present a unique opportunity for developing countries to access climate finance, mitigate emissions and help their shift toward low-carbon economies. With climate finance a key concern of many developing countries, recent developments, such as new funding from the NAMA Facility and getting the GCF up and running, can boost the prospect of a robust and durable climate agreement at global climate talks in Paris in December of this year.
The path-breaking NAMA Facility had its 1st call in 2013, and its ambition criteria – potential for transformational change, mitigation potential, financial ambition, and sustainable development c