Green Climate Fund Readiness Programme launched in NepalApr 22, 2016
Nepal is a climate-vulnerable country. The magnitude of vulnerability is exacerbated by the huge number of poor people depending on climate-sensitive natural resource-based agriculture. To respond to the challenges presented by climate change, Nepal has been utilizing its own resources and mobilized international climate finance from bilateral and multilateral donors and funds. The most recently established vertical fund, the Green Climate Fund is also the only financial mechanism mandated by the UN Framework Convention on Climate Change to exclusively address climate change risks of developing countries The Fund promotes transformational investments at scale as well as direct access by accredited national entities which comply with the relevant standards and requirements.
In this context, the United Nations Development Programme (UNDP) and the United Nations Environment Programme (UNEP) in collaboration with Ministry of Finance (MoF) are implementing the “Green Climate Fund Readiness Programme for Nepal” with financial support from the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB).
This project will invest a total of USD $1.5 Million to support the Government of Nepal (GoN) in strengthening its national capacities to effectively and efficiently access, manage, deploy and monitor climate finance from the GCF. In response to the Government’s specific needs UNDP and UNEP will build technical and institutional capacities of Ministry of Finance as the National Designated Authority to the GCF to ensure an efficient and collaborative engagement which will result in investments that address the climatic vulnerabilities of Nepal. Further, technical assistance will be provided to build national capacities across Government and non-government stakeholders to prepare robust investment frameworks and a pipeline of bankable proposals for adaptation and mitigation options aimed to reduce localized climate-induced disaster risks. Finally, support will also be provided to a Nepalese entity to be accredited and capacitated to access funds directly from the GCF.
A workshop was organized in Kathmandu Nepal on the 22nd April, 2016 to launch the project’s activities in Nepal. The workshop increased understanding and ownership of the project among its major stakeholders. All major government and other relevant stakeholders responsible for managing and executing the project participated in the workshop, which endorsed the project work plan, implementation modality and stakeholder roles and responsibilities. The workshop raised momentum for the implementation of GCF readiness activities for Nepal over the next 18 months.Contact information
Mr. Yug Raj Pandey, Ministry of Finance- (email@example.com; Tel: 4211372)
Mr. Bimal Raj Regmi, UNDP country office (Bimal.firstname.lastname@example.org; Tel: 5523200 ext 1016)
Mr. Marko Berglund, UNEP (Marko.Berglund@unep.org)