NAMA Facility Donors – the UK Department for Business, Energy and Industrial Strategy (BEIS) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) – have approved funding to support the implementation of an ambitious NAMA Support Project (NSP) in Honduras as part of the NAMA Facility’s 6th Call.
The NSP ”Honduras – Transforming the Livestock Sector” is designed to promote a productive yet low-carbon livestock sector. The NSP has the overarching outcome of transforming the livestock sector towards a low-carbon, resilient, and profitable pathway, thereby contributing to Nationally Determined Contribution (NDC) goals as part of the Paris Agreement and the Sustainable Development Goals (SDGs).
The project seeks to transform 1,200 farms into low-carbon production systems through an innovation package that will improve productivity, profitability, and climate resilience while reducing greenhouse gas (GHG) emissions and maximising carbon sequestration at the farm level.
Following the Detailed Preparation Phase (DPP)*, during which the NSP worked to further elaborate the proposed project concept, a comprehensive NSP Proposal was submitted to the NAMA Facility. Based on an in-depth assessment of the Proposal, Donors then approved the NSP to enter the Implementation Phase.
The NAMA Facility’s support for this NSPs illustrates the Board’s continued commitment to ambitious climate action.
*If you want to understand more about this project phase, check our publication in the Knowledge & Learning Hub on what it takes to craft a detailed project proposal.
The NAMA Facility is a joint initiative of the German Federal Ministry for Economic Affairs and Climate Action (BMWK), UK’s Department for Business, Energy and Industrial Strategy (BEIS), the Danish Ministry of Climate, Energy and Utilities (KEFM), the Danish Ministry of Foreign Affairs (MFA), the European Union and the Children’s Investment Fund Foundation (CIFF).