NACAG: Supporting the Nitric Acid Climate Action Group

During the production of nitric acid, large amounts of climate-damaging nitrous oxide (N2O) are released into the atmosphere. Although avoiding these emissions is technically relatively simple and comparatively inexpensive, most nitric acid plants are not equipped with the respective technology. NACAG's goal is to create incentives for the permanent reduction of nitrous oxide emissions. The global mitigation potential over the next ten years is well over one gigaton of CO2e. To this end, it provides both technical and political support: the initiative advises governments on the long-term regulation of these emissions and helps integrate the sector into Nationally Determined Contributions (NDCs). Besides, it finances the installation and operation of climate technology in eligible production facilities. Partner countries must provide a binding commitment to continue mitigation activities under their responsibility from 2024 onwards to qualify for funding.