The aim of the Initiative is to demonstrate how innovativefinancial and regulatory incentives as well as the removingof barriers can achieve sector-wide greenhouse gasemission reductions in developing countries. The initiativealso aims at building capacity in developing countries. Using a bottom-up methodology that draws heavily on theinput of local stakeholders, NAMA Readiness Programmeshave been conducted in Peru and Vietnam.
Under the Paris Agreement, the Measurement, Reporting and Verification (MRV) requirements for greenhouse gas emissions of all countries will be harmonised. Sector-wide MRV systems developed for Nationally Appropriate Mitigation Actions (NAMAs), such as in the NAMA Readiness Programmes established under the Nordic Partnership Initiative in Vietnam and Peru, can provide important lessons learned for the development of the new transparency rules. NAMAs can serve as concrete building blocks for future Nationally Determined Contributions (NDCs) under the Paris Agreement.
The NAMA Readiness Programme for Vietnam’s cement sector has been on-going since March 2014. It focuses on improving the energy efficiency of the country’s cement sector and mitigating the resulting carbon emissions. The Programme is expected to enable Vietnam to prepare for a full-scale Nationally Appropriate Mitigation Action (NAMA) in the cement sector. The NAMA would count as a part of Vietnam’s contribution under the UN Framework Convention on Climate Change (UNFCCC ) and allow the sector to attract international support towards the implementation of the proposal.