Nepal Country Programme for the Green Climate Fund

Nepal is highly vulnerable to climate change, facing increasing frequencies of floods, landslides, and droughts. The government aims for net-zero emissions by 2045 and net-negative emissions by 2050. To achieve this, Nepal has developed a GCF country programme featuring a pipeline of 14 projects focusing on e-mobility, climate-resilient agriculture, and watershed management. The document details the institutional arrangements for GCF engagement, including the role of the Ministry of Finance as the National Designated Authority, and identifies significant financing gaps, estimating a need for USD 49.4 billion by 2030 to meet NDC and NAP targets.

• Nepal is ranked as one of the most vulnerable countries to climate change, with the Global Climate Risk Index (CRI) 2021 ranking it as the 10th most vulnerable country.
• Climate-induced disasters cause significant economic damage, with an average annual loss of NPR 2,778 million, representing 0.08% of the total GDP for fiscal year 2018/19.
• Nepal has set ambitious climate targets, aiming for net zero emissions by 2045 and net negative emissions by 2050, primarily through land use changes acting as a carbon sink.
• There is a substantial climate finance gap; Nepal requires USD 25 billion for conditional mitigation targets and USD 2.1 billion annually for the implementation of its National Adaptation Plan (NAP).
• The government has increased domestic climate-relevant budget allocations, which nearly doubled from NPR 58.0 billion in 2018/19 to NPR 105.8 billion in 2022/23.
• Nepal's GCF portfolio currently includes three approved projects totaling USD 87 million in grants, focusing on the Gandaki River Basin, the Churia Region, and clean cooking solutions.
• The Ministry of Finance serves as the National Designated Authority (NDA), supported by a Climate Finance Steering Committee (CFSC) and a Climate Finance Technical Committee (CFTC).
• Direct Access Entities (DAEs) such as the Alternative Energy Promotion Centre (AEPC) and the National Trust for Nature Conservation (NTNC) are accredited to manage GCF resources.
• Climate change disproportionately affects vulnerable groups, including women, children, the elderly, and people with disabilities, leading to increased mortality and morbidity.

APA

Green Climate Fund (2023). Nepal Country Programme for the Green Climate Fund. https://www.greenclimate.fund/sites/default/files/document/nepals-country-programme-gcf-v0-11-aug-2023-cover.pdf

Chicago

Green Climate Fund. Nepal Country Programme for the Green Climate Fund. 2023. https://www.greenclimate.fund/sites/default/files/document/nepals-country-programme-gcf-v0-11-aug-2023-cover.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Nepal Country Programme for the Green Climate Fund |date=August 2023 |url=https://www.greenclimate.fund/sites/default/files/document/nepals-country-programme-gcf-v0-11-aug-2023-cover.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023nepal, author = {{Green Climate Fund}}, title = {{Nepal Country Programme for the Green Climate Fund}}, institution = {Green Climate Fund}, year = {2023}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/nepals-country-programme-gcf-v0-11-aug-2023-cover.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }