Environmental Networking Platform for Children and Youth by SAMSUNG E&A
Stay connected with Eco-generation :
| Share 
| 
- Home >
- Our Actions >
- World report
4
Comments
Climate Financing In Nepal |
|---|
|
by Kushal Naharki | 27-01-2018 16:45
|
|
Climate finance refers to financing channeled by national, regional and international entities for climate change mitigation and adaptation projects and programs. For least developed and climate vulnerable nation like Nepal it has much importance.
As a member of UNFCCC, Nepal exploiting Least Developed Countries Fund (LCDF), Adaptation Fund (AF), Green Climate Fund (GCF), Special Climate Change Fund (SCCF), and Global Environment Facility (GEF) which were established under the United Nations Framework Convention on Climate Change (UNFCCC). The rate of negative impacts of climate change is increasing, highlighting the importance for the additional requirement of financial resources to cope with such impacts. Nepal has accessed the different funds from the international sources for the adaptation and mitigation activities in the country. According to the report of Ministry of Home Affairs, in the fiscal year 2016/2017, Nepal has faced the economic loss of about NRs. 4 billion because of climate induced disaster like flood, landslide and other extreme weather events. During that same periods, Nepal has faced about 4000 incidences of natural disaster like Flood, landslide, fire, storms etc causing the death of about 1000 people and displacing about 30,000 families. Although, Nepal is receiving funds, it is not enough because almost 50% of the population are still unknown about what climate change really is. Nepal is laging behind in adopting adaption measures and mitigation measures. So, there is need of climate financing in development of climate resilience sustainable development projects. Reference: Pradeep Bhattarai (Prakriti Resource Centre) |
|
|
|
|
|
Youth
Kushal Naharki
Previous : Trump Fires Environmental Emis...
4 Comments
Thank you for sharing
Posted 04-08-2021 20:39
Happy to know your enthusiasm on the topic @Aldrin. Generally, the funds have been provided to the victims of the climate related disasters. Funds are also being used for adaptation projects in agriculture, forestry and water resources but they have not been sufficient enough.
Posted 27-01-2018 22:43
in what ways are these financial instruments being used though?
Posted 27-01-2018 19:11
I've always been enthralled by the application of financial solutions to problems! Thanks for sharing Kushal!
Posted 27-01-2018 19:10