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Potential for NAMA in the Mediterranean Partner Countries

Potential for NAMA in the Mediterranean Partner Countries

State 

completed

Date 

1 January, 2017 to 31 January, 2018

Country 

Tunisia

Region 

North Africa

Summary

Mediterranean Partner Countries (MPCs) are estimated to need about EUR 300 billion for infrastructure projects by 2030 in order to shift towards low emission and climate-resilient development pathways. To achieve and move to low-carbon growth, and to secure the level of private sector engagement needed to confront the effects of climate change, MPCs need to make institutional, legal and regulatory reforms, as well as create an enabling financial environment. In May 2011, MPCs initiated a process targeted at these goals through a joint declaration including a request for assistance to the European Investment Bank (EIB). In 2017, the EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) and the EIB started a cooperation regarding the implementation of energy-related activities in the framework of a regional study on the “Potential for Nationally Appropriate Mitigation Actions (NAMA) in the Mediterranean Partner Countries”.

The EUEI PDF and EIB will assist targeted member countries of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) - Egypt, Jordan, Lebanon, Morocco, Palestine and Tunisia - in mapping existing energy-related NAMAs with respect to plans (institutional frameworks) being currently proposed in the MPCs.  Together with stakeholders, climate change mitigation projects or programmes developed through the NAMA mechanism will be identified and prioritised, focusing specifically on maximising private sector participation in the energy sector. Furthermore, policies aimed at improving the investment environment will be identified. This will be backed up with information on using relevant finance instruments to reinforce the public sector’s ability to deliver the project or programme.

The expected outcomes of the study are to:

  • facilitate the development of NAMA ind the MPCs;
  • contribute to assessing what environment is required for international financial institutions to finance the different NAMAs;
  • support the creation of an enabling environment for international financial institutions to finance the different NAMAs;
  • identify obstacles and identify opportunities for private investments to co-finance NAMAs;
  • enhance private sector participation.

 

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