Nepal received its first significant funding from the Green Climate Fund (GCF) for a project aimed at helping the country adapt to the adverse impacts of climate change.
The 24th board meeting of the fund in Sangdo, South Korea today has approved the first funding proposal of Nepal, one of the most vulnerable countries to the impacts of the climate crisis. “The meeting has given the green signal to awarding a $39.3million grant to the project titled ‘Building Resilient Churia Region in Nepal (BRCRN),” according to a press note. “The current funding has been approved for the project which will be implemented on the ground to help climate-vulnerable communities and ecology to adapt.”
The project – that will last for 7 years – will be implemented by the Food and Agriculture Organisation (FAO), in partnership with the Ministry of Forest and Environment, in the fragile Chure range, which has faced massive degradation in the past.
The approved project – a multi-dimensional one as it not only talks about the resilience of vulnerable communities and conservation but also early warning systems – will help locals in adapting to the changing climate as the Chure range is a significant zone for the people living in the low-lying districts in Terai for its services like water and forest.
As a poor and mountainous country, at the higher risk of climate change and induced disasters, Nepal looks up to international support for climate actions – adaptation and mitigation – in order to gain resilience, and also to meet the Sustainable Development Goals (SDGs).
The Green Climate Fund (GCF) was set up in 2010 under the United Nations Framework Convention on Climate Change (UNFCCC) to support the efforts of developing countries to respond to the challenge of climate change.
According an NGO working for sustainable development and environmental justice in Nepal Prakriti Resources Centre, this is the first-ever that the GCF has extended such substantial funding to the country for climate change-related projects. ““In the past, we have achieved some funds from the GCF, but this is the first time the fund has approved Nepal’s funding proposal,” the NGO informed, adding that it is an important achievement for Nepal. Prakriti Resources Centre has been involved in international climate negotiations for years.
Nepal had also received fundings from the GCF twice in the past. First in In 2016, Nepal received a grant of $2.9 million – via the United Nations Environment Programme for preparing its National Adaptation Plans (NAPs) – under the GCF's Readiness and Preparatory Support Programme. The programme to enhance country ownership and access to the funds was also known as Asia’s first GCF-financed project at the time.
Secondly, Nepal received another funding from GCF’s Readiness Support that provides up to $1 million per country per year for strengthening the country’s institutional capacities to access the funds. “Approval of funding for the project for climate actions is a positive development for a climate change vulnerable country like Nepal,” according to GCF Readiness and Preparatory Support Programme under the Finance Ministry.
Nepal is currently preparing at least three projects for accessing grants from the GCF. WWF Nepal has been working on a project proposal which will be based in West Seti area. Likewise, the UNDP Nepal is working on a project proposal to safeguard lives and livelihoods against the project to protect lives and livelihoods against flood and glacial lake outburst floods (GLOFs) targeting finance from the Green Climate Fund.
International Union for Conservation of Nature-Nepal is also developing a project proposal for building ecosystem and community resilience which is likely to be submitted for approval in coming March, the first one to go for approval among others in the pipeline.
However, these all are international agencies-supported projects. Accreditation of Alternative Energy Promotion Centre, one of the four national entities nominated by the government in February to gain the GCF status, in February has given new hopes for the country that the government bodies can also apply for similar grants for climate actions projects.
The GCF accreditation to the AEPC means it can access up to $50million in GCF funds for low-carbon, climate-resilient development projects and programmes in Nepal.
The 24th board meeting of the fund in Sangdo, South Korea today has approved the first funding proposal of Nepal, one of the most vulnerable countries to the impacts of the climate crisis. “The meeting has given the green signal to awarding a $39.3million grant to the project titled ‘Building Resilient Churia Region in Nepal (BRCRN),” according to a press note. “The current funding has been approved for the project which will be implemented on the ground to help climate-vulnerable communities and ecology to adapt.”
The project – that will last for 7 years – will be implemented by the Food and Agriculture Organisation (FAO), in partnership with the Ministry of Forest and Environment, in the fragile Chure range, which has faced massive degradation in the past.
The approved project – a multi-dimensional one as it not only talks about the resilience of vulnerable communities and conservation but also early warning systems – will help locals in adapting to the changing climate as the Chure range is a significant zone for the people living in the low-lying districts in Terai for its services like water and forest.
As a poor and mountainous country, at the higher risk of climate change and induced disasters, Nepal looks up to international support for climate actions – adaptation and mitigation – in order to gain resilience, and also to meet the Sustainable Development Goals (SDGs).
The Green Climate Fund (GCF) was set up in 2010 under the United Nations Framework Convention on Climate Change (UNFCCC) to support the efforts of developing countries to respond to the challenge of climate change.
According an NGO working for sustainable development and environmental justice in Nepal Prakriti Resources Centre, this is the first-ever that the GCF has extended such substantial funding to the country for climate change-related projects. ““In the past, we have achieved some funds from the GCF, but this is the first time the fund has approved Nepal’s funding proposal,” the NGO informed, adding that it is an important achievement for Nepal. Prakriti Resources Centre has been involved in international climate negotiations for years.
Nepal had also received fundings from the GCF twice in the past. First in In 2016, Nepal received a grant of $2.9 million – via the United Nations Environment Programme for preparing its National Adaptation Plans (NAPs) – under the GCF's Readiness and Preparatory Support Programme. The programme to enhance country ownership and access to the funds was also known as Asia’s first GCF-financed project at the time.
Secondly, Nepal received another funding from GCF’s Readiness Support that provides up to $1 million per country per year for strengthening the country’s institutional capacities to access the funds. “Approval of funding for the project for climate actions is a positive development for a climate change vulnerable country like Nepal,” according to GCF Readiness and Preparatory Support Programme under the Finance Ministry.
Nepal is currently preparing at least three projects for accessing grants from the GCF. WWF Nepal has been working on a project proposal which will be based in West Seti area. Likewise, the UNDP Nepal is working on a project proposal to safeguard lives and livelihoods against the project to protect lives and livelihoods against flood and glacial lake outburst floods (GLOFs) targeting finance from the Green Climate Fund.
International Union for Conservation of Nature-Nepal is also developing a project proposal for building ecosystem and community resilience which is likely to be submitted for approval in coming March, the first one to go for approval among others in the pipeline.
However, these all are international agencies-supported projects. Accreditation of Alternative Energy Promotion Centre, one of the four national entities nominated by the government in February to gain the GCF status, in February has given new hopes for the country that the government bodies can also apply for similar grants for climate actions projects.
The GCF accreditation to the AEPC means it can access up to $50million in GCF funds for low-carbon, climate-resilient development projects and programmes in Nepal.
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