Diagnosing National and Sub-National Climate Finance in Nepal
Without a large increase in funding Nepal will be unable to achieve its climate adaptation and mitigation targets. Overcoming this gap is vital: under its current trajectory, Nepal could lose 2.2% of annual gross domestic product due to climate change by 2050 and 10% by 2100, while the government estimates that 80% of its population is at risk to natural and climate-induced hazards.
This technical brief identifies the scale of the challenge: a USD $8.33 billion annual funding gap to meet the requirements of Nepal’s Third National Determined Contribution (NDC 3.0) and National Adaptation Plan (NAP). It also provides a deep-dive into Nepal’s internal climate funding at the national and provincial level, and the pathways for external financing to overcome the gap.
English, PDF