The UK and Germany have launched a new project worth €70 million (£56.4m) to help developing countries tackle climate change.
Energy Secretary Ed Davey and German Environment Minister Peter Altmaier announced the Nationally Appropriate Mitigating Actions (NAMA) Facility yesterday during the climate change talks in Doha. The conference brought together global leaders to talk about the urgency of tackling climate change and limiting global warming to 2°C.
Energy Secretary Ed Davey said: “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. 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.”
The UK will provide £25 million from the International Climate Fund (ICF) and Germany will give €40 million from its Special Energy and Climate Fund.
Earlier this week ELN reported Ed Davey saying the 2°C target is “still within reach if we can muster the political will”.