Nepal’s climate problem is becoming an economic one
Summary
Nepal is facing rising climate-related losses as floods, landslides and glacial lake outburst floods damage homes, roads and farmland. Experts say the country must invest more in adaptation, land-use planning and resilient infrastructure to reduce the mounting economic cost.
Key Points
- Floods, landslides and other climate hazards are making development in Nepal more expensive and less secure.
- Experts say adaptation, resilient infrastructure and better land-use planning are essential to reduce future disaster losses.
- Climate finance should be directed through grants for non-revenue projects and concessional loans for revenue-generating projects like renewable energy.
- Disaster recovery must also address social and economic impacts on vulnerable communities, not just rebuild physical infrastructure.
