Nepal calls for increased grant-based climate finance
Summary
Nepal has urged the international community to provide predictable grant-based climate finance to protect mountain ecosystems and vulnerable communities from climate change. At COP31 in Antalya, Minister Gita Chaudhary said Nepal needs up to $20 billion for adaptation between 2025 and 2035 and about $4.78 billion for post-disaster recovery.
Key Points
- Nepal called for adequate, predictable and grant-based climate finance at COP31 in Antalya to protect mountain ecosystems and communities.
- Minister Gita Chaudhary said Nepal will need between $18 billion and $20 billion for climate adaptation from 2025 to 2035.
- Chaudhary urged developed countries to give grants instead of loans and said climate justice must address displacement and loss beyond financial aid.
- She also asked for stronger UNFCCC recognition of mountain issues, regular high-level mountain dialogues and a dedicated work programme for mountain regions.
