Climate Finance Expert Raju Pandit Chhetri Highlights Challenges in International Climate Finance
Summary
Climate finance expert Raju Pandit Chhetri says Nepal must strengthen its capacity to absorb and spend climate funds before seeking more international resources. He warned that weak coordination among national plans and inconsistent priorities are undermining Nepal’s bargaining power in climate negotiations.
Key Points
- Raju Pandit Chhetri said the global climate finance landscape has become more competitive, especially as America’s role in climate and development assistance has shifted.
- He argued that Nepal must improve its ability to mobilize, absorb, and spend funds effectively before asking for more climate finance.
- Chhetri warned that poor spending of development budgets and weak coordination among national plans weaken Nepal’s case with donors.
- He said Nepal should present unified priorities in UN and bilateral forums and better align its climate documents and diplomacy.
