Green Climate Readiness Programme launchedThe United Nations Development Programme (UNDP) and the Ministry of Finance (MoF) signed a new project on Friday to support the Government of Nepal (GoN) in strengthening its national capacities
The United Nations Development Programme (UNDP) and the Ministry of Finance (MoF) signed a new project on Friday to support the Government of Nepal (GoN) in strengthening its national capacities to access, manage, deploy and monitor climate finance received from the Green Climate Fund (GCF).
This project is part of a larger green climate fund readiness programme, with a total allocation of US$ 1.5 million that is being implemented in partnership with United Nations Environment Programme (UNEP).
The ‘Green Climate Fund Readiness Programme for Nepal’ funded by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) will enable Nepal to effectively access funds from the GCF, the largest global climate financing mechanism.
“Nepal is the fourth most vulnerable country in terms of climate-related risks and given the fact that Nepal has a large number of poor people depending on climate-sensitive natural resource-based agriculture, the risks of loss is even higher,” said UNDP Country Director Renaud Meyer. “This project is expected to help Nepal effectively mobilise resources and respond to challenges presented by climate change.”