The NAMA Facility is a joint initiative of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), 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).
Nationally ٓAppropriate Mitigation Actions (NAMA) are critical to combating climate change and in response to the NAMA facility’s seventh call, WWF-Pakistan submitted a concept for a NAMA Support Project (NSP) for “Decarbonizing the textile manufacturing sector in Pakistan”. The proposed NSP targets, one of Pakistan’s most important sectors aim to reduce GHG emissions by providing access to finance for green technologies.
Our NSP has been selected to enter Phase one of the Detailed Preparation Phase (DPP) which is expected to conclude by 30 April 2022. The primary objective of the grant is to work alongside public and private sector partners to develop the project proposal to present to the donor at the end of the DPP. This will support the Pakistani government and the industry to reduce GHG emissions in the textile sector by promoting energy efficiency, resource efficiency and renewable energy across the value chain.
- To create an active revolving fund that incentivizes textile SMEs to invest in green technologies to ensure better compliance with international standards, reduce CO2 emissions and improve profitability.
- To provide technical support, including the development of business plans and securing financing for the textile sector to implement resource-efficient and energy-efficient technologies.
- To strengthen individual and institutional capacities of:
- Relevant ministries and other national institutions of Pakistan, particularly to strengthen the monitoring, reporting and valuation system (MRV) to track CO2 emissions and validate energy performance standards.
- Private institutions including textile manufacturers, green technology service providers, and local investors who intend to invest in green manufacturing technologies.
- To improve the regulatory framework for enhanced carbon-neutral development in the textile sector through mainstreaming climate change mitigation actions into policies, plans, strategies or the curriculum of various educational institutions.
- To create a market for green technologies for energy service companies, consultants and suppliers that continue to support local demand.