Nepal to Submit $27 Million Climate Loss and Damage Project Proposal
Summary
Nepal plans to submit a $27 million project proposal to the UN's Loss and Damage Fund addressing climate-related losses, jointly prepared by key environmental and disaster management bodies.
Key Points
- Nepal government will submit a project proposal worth about 3.6 billion rupees to the 'Fund for Responding to Loss and Damage' under the UNFCCC.
- The Alternative Energy Promotion Committee authorized the submission and was chaired by Minister Biraj Bhakta Shrestha.
- The proposal, worth 19.87 million USD, was jointly prepared by the Ministry of Forests and Environment, the Alternative Energy Promotion Centre, and the National Disaster Risk Reduction and Management Authority.
- Minister Shrestha emphasized social justice and innovative programs benefiting rural and remote communities in the upcoming fiscal year budget formulation.
