Who Pays For Nepal’s Transition?
Summary
Nepal’s move toward net-zero emissions could upend workers in fossil-fuel-linked jobs, from Gulf welders to local mechanics, unless the transition is paired with jobs, safety nets and retraining. The article argues that Nepal needs grants, not loans, and a worker-centered plan to protect communities and accelerate clean energy.
Key Points
- Nepal has pledged net-zero emissions by 2045 and says its climate plan will identify affected workers and protect them through a just transition.
- The country needs an estimated USD 73.74 billion for its climate plan, with 85 percent expected from foreign sources, raising concerns about debt if the financing comes as loans.
- Workers in petroleum, transport, cement, brick kilns and related sectors could lose jobs as Nepal shifts away from fossil fuels and toward electric and renewable energy.
- The article calls for retraining, social protection, local clean-energy industries and development grants so the transition does not leave workers behind.
