Nepal, South Korea seal landmark climate deal
Summary
Nepal and South Korea have signed a landmark framework agreement on climate change cooperation under Article 6 of the Paris Agreement. The deal aims to boost carbon finance, renewable energy investment, technology transfer and climate resilience.
Key Points
- Nepal and South Korea signed a Framework Agreement for Cooperation on Climate Change under Article 6 of the Paris Agreement.
- The deal is designed to mobilize carbon finance, support emission reductions, and attract climate-friendly investment in sectors such as renewable energy, transport, industry and forestry.
- It also sets up a Joint Committee to oversee implementation, carbon accounting, and cooperation on climate science and technology.
- Nepal says the partnership will help strengthen resilience and support its long-term net-zero target by 2045.
