Nepal Calls for Just Energy Transition at COP-31
Summary
Nepal has called for a just energy transition and grant-based climate finance at COP-31 in Antalya, warning that vulnerable countries cannot shoulder the costs of moving away from fossil fuels alone. Officials said Nepal faces rising climate damage, heavy fuel-import dependence, and a major financing gap for its renewable and net-zero goals.
Key Points
- Nepal urged richer countries to provide accessible, grant-based climate finance for a just energy transition at COP-31.
- Dr. Prakash Singh Thapa said Nepal remains highly vulnerable to floods, landslides, melting glaciers, and other climate-related disasters despite its low emissions.
- The government said Nepal needs US$73.74 billion to implement NDC 3.0 by 2035, with US$62.92 billion expected from international cooperation.
- The Bhote Koshi flood damaged 14 hydropower projects and caused an estimated US$4.7 billion in reconstruction and rehabilitation needs.
