Nepal launches LoCAL initiative to strengthen climate financing at local level
Summary
Nepal has launched the LoCAL initiative to provide performance-based grants to local governments for climate resilience projects in vulnerable communities.
Key Points
- Nepal launched the Local Climate Adaptive Living (LoCAL) Facility to strengthen climate adaptation financing at the local level.
- The initiative targets vulnerable communities facing increasing climate risks and supports local governments in implementing climate resilience projects.
- It is supported by the United Nations Capital Development Fund, Ministry of Forests and Environment, Australia, and Sweden.
- Five rural municipalities in Lumbini Province are the first recipients of an initial allocation of about 925,000 US dollars under the program.
