Nepal's Environment Minister Pledges Support for Private Sector in Carbon Trading
Summary
Nepal's Environment Minister Madhav Prasad Chaulagai announced government readiness to support private sector participation in carbon trading and encouraged involvement from financial institutions alongside government efforts.
Key Points
- Minister Madhav Prasad Chaulagai emphasized government cooperation to enhance private sector participation in carbon trading.
- The Ministry is ready to facilitate policy formation for carbon trading including participation from financial institutions.
- Nepal signed an agreement with the LEAF Coalition to receive climate finance for reducing forest degradation.
- Experts and stakeholders discussed opportunities, risks, and regulations related to carbon finance during the workshop.
