At this moment of global transition towards low-carbon sustainable development paths, the plans and projects that developing countries are undertaking represent a promising scheme not only to contribute to reducing greenhouse gas emissions but also as a new way to reinforce cooperation among countries. A cooperation that can catalyse financial and technological resources as well as strengthen the involvement of the private sector in generating action in green growth related sectors.
ICEX Spain Trade and Investment (Ministry of Economy and Competitiveness) has initiated a new area of work in this field that deepens its efforts in the promotion of climate change related sectors.
In particular, ICEX’s objective is to serve as a catalyst to seize the opportunities for public-private alliances through the implementation of NAMAs, Nationally Appropriate Mitigation Actions, that developing countries are undertaking as part of their commitments within the United Nations Framework Convention on Climate Change.
A big challenge ahead for realising NAMAs is overcoming barriers to enabling private investment and leveraging finance from an array of funding sources not only by accommodating the traditional cooperation instruments to NAMA development but especially by designing innovative instruments. Actors working on key sectors for green growth and climate change mitigation need to share their know-how, technologies and collaborate with companies and institutions from other countries.
ICEX is working with the Spanish private sector and national institutions responsible for the design and implementation of NAMAs to connect them with financial and cooperation instruments with the technological solutions offered by companies. Spanish companies are leaders and have a long tradition in most of the climate change related sectors, especially in energy, clean transport, water treatment and more.
To this end, ICEX has launched a NAMA Platform as a bridge to strengthen this public-private cooperation following a tailor made approach to analyse the potential cooperation, tools and solutions that could match the NAMA according to its needs.
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