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Today, the international community celebrates the fifth anniversary of the Paris Agreement. In 2020, all Parties to the Paris Agreement called on to raise their nationally determined contributions (NDCs). With the NAMA Facility Ambition Initiative and the contribution to the Adaptation Fund, BMU will support developing and emerging countries in their climate protection efforts with 150 Million euros.
Together with the British government and other partners, BMU is launching the Ambition Initiative under the NAMA Facility providing funding of more than 170 Million euros support climate action projects in developing countries and emerging economies with particularly ambitious climate targets. BMU contributes 100 Million euros.
BMU will support the Adaptation Fund with additional 50 Million euros. The Projects will support communities in regions particularly affected by climate change to increase their resilience and adaptive capacity to consequences of climate change.