Nepal signs LEAF Coalition deal that could bring up to $55 million in climate finance
Summary
Nepal has signed a landmark agreement with the LEAF Coalition to secure up to $55 million in climate finance, recognizing its success in forest protection and restoration. This makes Nepal the first Asian country to join LEAF and provide universally adjusted carbon credits to private buyers.
Key Points
- Nepal signed an agreement with the LEAF Coalition to receive up to $55 million in climate finance.
- Nepal is the first Asian country to join LEAF and offer correspondingly adjusted carbon credits to private sector buyers.
- Nepal's forest cover has increased to over 46% due to community forest management and sustainable practices.
- The deal includes purchase guarantees from the UK and Norway and may provide millions of tonnes of emissions reduction credits from 2022 to 2026.
Other Coverage of This Story
Nepal becomes first South Asian country to sign LEAF Coalition deal
thehimalayantimes.comNepal has become the first South Asian and Asian country to sign with the LEAF Coalition, securing up to USD …
Jan 24, 2026 09:23Nepal becomes first South Asian country to sign LEAF Coalition deal
nepalnews.comNepal has become the first South Asian country to sign the LEAF Coalition deal, securing up to 55 million USD …
Jan 24, 2026 03:56