Nepal to Submit $27 Million Climate Loss and Damage Project Proposal

Kathmandu. The government is set to submit a project proposal worth approximately 3.6 billion rupees to the 'Fund for Responding to Loss and Damage' under the United Nations Framework Convention on Climate Change.

The 111th board meeting of the Alternative Energy Promotion Committee, chaired by Minister of Energy, Water Resources and Irrigation Biraj Bhakta Shrestha on Thursday, decided to authorize the Alternative Energy Promotion Centre to submit a project proposal worth 19.87 million US dollars (approximately 3.6 billion rupees) to the fund.

The Ministry of Forests and Environment, the Alternative Energy Promotion Centre, and the National Disaster Risk Reduction and Management Authority have jointly prepared the project proposal. Executive Director of the Centre, Navaraj Dhakal, stated that the Centre will submit this proposal to the Loss and Damage Fund as a 'direct access entity' of the Green Climate Fund.

Similarly, the meeting has also given theoretical approval to the Centre to formulate policies, programs, and the budget for the upcoming fiscal year 2083/84. The Centre will determine the programs for the next fiscal year within the received budget ceiling. During the meeting, Minister Shrestha directed that special attention be paid to social justice while formulating the budget and programs for the upcoming fiscal year.

Executive Director Dhakal mentioned that the Minister suggested introducing innovative programs that allow people in rural and remote areas to feel direct benefits.