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This information brief on Harnessing Green Climate Fund Resources for Nepal discusses the impact of climate change in Nepal and the country’s efforts to address it. It highlights the rising temperatures and the increasing frequency of climate-induced disasters in Nepal, which have significant economic and social consequences, especially in sectors like agriculture. The document also mentions the financial challenges Nepal faces in dealing with climate change.
It emphasizes the need for international climate finance, particularly from the Green Climate Fund (GCF), to complement national efforts in addressing climate-related issues. The brief discusses how Nepal is aligning its national climate priorities with the GCF’s impact areas, focusing on both adaptation and mitigation strategies. It also highlights the importance of stakeholder engagement and coordination in accessing and utilizing GCF resources.
The brief underscores Nepal’s commitment to climate action and its increasing budget allocation for climate-related activities. It suggests that with proper coordination and capacity building, Nepal can access GCF resources to implement high-impact climate projects and programs to address the challenges posed by climate change in the country.
The document was prepared by the Government of Nepal, Ministry of Finance with support from UNDP, United Nations Environment Programme (UNEP), and the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUD), and provides information on national climate finance pathway in Nepal, linking national priorities to GCF impact areas and related issues.
The information brief was retrieved from the Ministry of Finance (MoF) and was published in July 2017.
Recent Updates:
On 3 October 2023, it was reported that the Government of Nepal received a financial grant of US $27.4 million (over N Rs3.29 billion) for implementing the project entitled ‘Improving Climate Resilience of Vulnerable Communities and Ecosystems in the Gandaki River Basin, Nepal’.
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