Climate Action in the Middle East and North Africa (CAMENA) is a financial facility providing support to the region’s sustainable growth and its efforts to combat climate change. The facility was established in 2014 by the European Investment Bank and the United Kingdom. With a budget of £11 million, CAMENA provides technical assistance to help prepare and implement projects, which increases their chances of getting financing from international institutions active in the region.
Investment in projects dealing with water, sanitation, transport, renewable energy and energy efficiency is essential for Mediterranean countries to meet the challenges of climate change. CAMENA encourages this investment in several ways: it facilitates project preparation and implementation; it expands the capacity and capabilities of project promoters; and it mobilises public and private-sector finance. Projects supported by CAMENA are expected to improve thousands of lives in the Middle East and North Africa.
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