Nepal and South Korea Sign Climate Change Cooperation Framework Agreement
Summary
Nepal and South Korea have signed a framework agreement to cooperate on climate change under Article 6 of the Paris Agreement, opening the door to carbon markets, climate finance, technology transfer, and emission reduction projects. The deal is expected to support Nepal’s NDC 3.0 and net-zero goal by 2045 through joint work on adaptation, mitigation, and sustainable development.
Key Points
- Nepal and South Korea signed a climate change cooperation framework agreement under Article 6 of the Paris Agreement.
- The agreement aims to expand carbon finance, emission reduction projects, technology transfer, climate adaptation, and sustainable development.
- Priority sectors include renewable energy, transport, industry, buildings, waste management, agriculture, and forestry.
- A joint committee will oversee implementation, monitoring, and work plans for the partnership.
