News

22nd March 2019

NACAG Secretariat meets with Partners in Kazakhstan

In March, the NACAG Secretariat visited Kazakhstan to hold a technical meeting with the Ministry of Energy and the joint-stock company Zhasyl Damu to discuss NACAG and potential benefits for the Central Asian country resulting from joining NACAG. The discussions took place in a highly productive atmosphere and resulted in an agreement to continue cooperating…

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1st March 2019

New NACAP Webinar

THURSDAY MARCH 7, 2019 9:00 – 10:30 EST /// 15:00 – 16:30 CET You are cordially invited to join our online webinar on March 7 to learn more about the Nitric Acid Climate Auctions Program (NACAP), a program hosted by the World Bank that will provide financing to projects that abate nitrous oxide from nitric acid production…

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8th February 2019

Indonesia becomes latest partner country of NACAG

The Government of Indonesia has signed the NACAG Declaration, becoming the latest country to join the climate action group. Mr. Dwiwahjono, Director General at the Indonesian Ministry of Industry, has signed the Declaration in January 2019, thereby affirming Indonesia’s support for NACAG’s goals. The NACAG Secretariat will now provide both the Indonesian Government and the…

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24th January 2019

Argentina formally joins NACAG

In August 2018, Argentina formally joined the Nitric Acid Climate Action Group by signing the initiative’s Declaration. Against this background, in December 2018 the NACAG Secretariat visited all three nitric acid production facilities located in Argentina. Accompanied by a representative of the Sustainable Development Unit of the Ministry of Production, the NACAG Secretariat conducted a…

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18th January 2019

Webinar on the Nitric Acid Climate Auctions Program – January 24, 2019

One of the two Financing Streams of NACAG is the Nitric Acid Climate Auctions Program (NACAP), implemented by the World Bank. The NACAP Secretariat is hosting a webinar on the program on January 24, 2019, at 9 am EST (3 pm CET). During the webinar, the NACAP Secretariat will provide an overview of the auction…

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20th December 2018

NACAG holds consultations in Zimbabwe

In December 2018, the NACAG secretariat visited Zimbabwe. It held consultations with all relevant stakeholders to be engaged in the initiative and carried out a feasibility study of the Sable Chemicals nitric acid plant located in Kwekwe. The three day visit at the plant revealed the great potential for a cooperation between Zimbabwe’s only nitric…

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19th December 2018

NACAP publishes further auction parameters

In order to help achieve the goals of NACAG, the Nitric Acid Climate Auctions Program (NACAP) is going to support price guarantees for eligible nitrous oxide emission reductions from nitric acid plants. The NACAP is planning to hold at least one reverse auction in 2019 to sell put options to private sector companies. The Auctions…

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22nd October 2018

NACAG Secretariat on visit to Indonesia

This month, the NACAG Secretariat visited Indonesia in order to discuss benefits as well as terms and conditions concerning NACAG membership with the Indonesian Government. On October 17, 2018, The Indonesian Planning Ministry Bappenas convened a NACAG Workshop in Jakarta. Besides representatives from Bappenas and the NACAG Secretariat, delegates from the Ministry of Industry and…

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19th October 2018

Promising Workshop with the Government of Algeria

On October 11, 2018, the NACAG Secretariat held a successful workshop in Algiers where the NACAG team presented the Initiative to representatives from the Algerian Government. Participants included representatives from the Ministry of Industry, the Ministry of Environment, the Ministry of Foreign Affairs, the Ministry of Energy and the Ministry of Agriculture. At the workshop,…

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