Financing Nationally Appropriate Mitigation Actions (NAMAs) : A phased approach

• Adequate financing by developed countries is essential for establishing a mechanism for Nationally Appropriate Mitigation Actions (NAMAs) within the United Nations Framework Convention on Climate Change. But the discussion on how NAMAs can be supported is largely conceptual with no agreed-on formulation of how to obtain financial support for them. More clarity, specifically regarding the expected sources of finance, magnitude of support to be made available, role of intermediaries involved, and institutional arrangements needed to implement NAMAs would make the regulatory framework more predictable. This working paper attempts to focus on three research questions in relation to NAMA support:What are the expected types of sources for NAMA finance?How does NAMA financing relate to other climate financing targets?What potential NAMA financing constraints can be foreseen?It is important that a strategic approach towards deciding the focus of NAMA support be designed. This paper suggests one such strategic approach for supporting NAMAs: A phased approach. The approach takes the capability aspects of the developing countries into account and proposes a sharpened focus on institution building in developing countries and reducing barriers for private investments in the long term. Such an approach can provide a deeper engagement wherein the efforts of developing countries are able to result in long lasting changes.

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