This book gives the first no-nonsense, hands-on account of the
financing principles and perspectives for Nationally Appropriate
Mitigation Actions (NAMAs), the new kid on the block in the battle
against climate change. NAMAs are finding their own identity, and
most importantly, finding a new financial basis without relying on
a carbon market and carbon credit. While the NAMA model may be the
right instrument at the right time, it is spawned from the climate
change negotiation sphere that continues to suffer from its lack of
interaction with the other spheres involved in its actual
deployment. Despite 20 years of negotiations, a barrier remains
between concept and action. The disconnect is first and foremost
between the political sphere and the private-sector sphere, and is
particularly rooted in the understanding - or misunderstanding - of
finance. This book bridges the gap by addressing policymaking and
private sector financing in one volume. It disarms myths, hides
nothing behind political correctness and applies a good measure of
common sense to advance guidance for the financing of actions that
will allow developing countries, having become the prime source of
greenhouse gas emissions, to contribute to the global battle
against climate change.
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