NDC Assist II – Financing and implementing Nationally Determined Contributions
Title: NDC Assist II – Strengthening the financing and implementation of Nationally Determined Contributions Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ) Co-funded by: Ministry of Foreign Affairs and Trade (MFAT), New Zealand Country: Global Overall term: 2021 to 2023
Climate change is one of the greatest challenges of our time. By adopting the Paris Agreement in 2015, almost all the countries in the world committed to acting together for the first time: Their aim is to limit global warming to well below 2 °C, if possible to 1.5 °C, and to adapt to the consequences of climate change. To this end, the parties have pledged to develop their own Nationally Determined Contributions (NDCs), implement them and progressively make them more ambitious. The Paris Agreement also aims to align public and private financial flows with low-emission and climate-resilient development.
To support developing countries and emerging economies in achieving their climate goals in line with the Sustainable Development Goals of the 2030 Agenda, the German Federal Ministry for Economic Cooperation and Development (BMZ) and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), together with other partners, launched the global NDC Partnership in 2016.
From 2016 to 2020, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH supported selected members of the NDC Partnership in their efforts to implement their NDCs and, since 2019, to make them more ambitious. For example, the National Climate Change Action Plan was developed in Kenya, the regional NDC Finance Initiative for the Caribbean was established, and Pakistan’s Ministry of Climate Change was strengthened. In order to further advance climate action and climate finance, GIZ will continue to support the NDC Partnership from 2021.
Member countries and actors of the global NDC Partnership and the private sector are better able to finance and implement Nationally Determined Contributions (NDCs).
NDC Assist II supports selected member countries and actors of the NDC Partnership in financing and implementing their NDCs. To this end, the project provides technical assistance and strategic advice on financing strategies and investment plans and/or on integrating climate targets into economic stimulus programmes.
Furthermore, the project provides support for private actors to finance climate change adaptation measures. Small and medium-sized enterprises (SMEs) that offer technologies or services to this end receive tailored support to scale up their business models. Impact Investors receive support to identify and expand business opportunities for climate change adaptation. At the same time, the project will cooperate with the private equity fund CRAFT (Climate Resilience and Adaptation Finance & Technology Transfer Facility) of the Lightsmith Group.
Another key component of the project is the dissemination of knowledge and experience from cooperation within the NDC Partnership and with the private sector. The project also aims to design all project activities in a gender-inclusive manner.
The project's partners include the ministries of finance and environment in Albania, Burkina Faso, Indonesia and Kenya, as well as regional organisations in the Caribbean and Pacific. In the Pacific region, the project receives additional funding from the New Zealand Ministry of Foreign Affairs and Trade (MFAT).