NAMA Finance in Asia

NAMA finance aims to effectively mobilize financial resources for developing countries to use in formulating and implementing NAMAs. There are also various other non-financially based schemes that can be used as support when preparing and implementing NAMAs. NAMAs tend to have a greater focus on integrating climate policy actions with the sustainable development goals of developing countries, and therefore NAMA support, in principle, should not be limited to specific projects and instead program based and available across the entire sector or industry. The lack of a clear definition for a NAMA indicates that there exists considerable room for flexibility and customization when designing NAMA support schemes. International support for NAMAs is currently available both from the UNFCCC and externally to the UNFCCC through bilateral and multilateral initiatives.