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Scheme to tackle global warming launched.

Germany and the UK announced the launch of the Nationally Appropriate Mitigating Actions (Nama) facility at the United Nations Climate Change Conference (COP18/CMP8) on Thursday. The two countries will jointly provide about 70mn euros funding for the facility, which aims to support partner countries to implement ambitious action against climate change.The German Environment Minister Peter Altmaier said: "With the Nama facility, we stress our commitment to seriously tackle global warming with innovative financing instruments."Nama is designed to support developing countries that show leadership in tackling climate change and want to implement it. Edward Davey, Secretary of State for Energy and Climate Change in the UK, added: "Climate change is a global threat and with every passing year, the nature and the extent of that threat grows clearer. "Climate finance is fundamental to building resilience and capacity for countries to mitigate and adapt to climate change. This joint partnership with the German government will help support those developing countries that are taking ambitious actions to close the gap to 2AC." The first project the facility intends to fund will be the Mexican government in implementing a Nama programme for sustainable new housing.

Gulf Times Newspaper 2012

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Publication:Gulf Times (Doha, Qatar)
Date:Dec 8, 2012
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