Nepal GCF Readiness Programme

Fortified village of Jharkot and Nilgiri mountains in the background, near Muktinath, Nepal. Credit: Marco Simoni

Country Background

The severe earthquakes in Nepal in the spring of 2015 highlighted the country’s vulnerability to natural disasters.  In addition, in recent years extreme weather events have increased in intensity.  Disaster impact to the agriculture sector and hydropower energy, which serves the majority of Nepal’s energy demand, is increasing. Nepal's greenhouse gas emissions do not comprise a signficant amount of global emissions; however there is high mitigation potential with Nepal's anticipated economic development. 

The Government of Nepal has made climate change response a priority, through incorporating climate change into its 2013 Three Year Plan, supported by programmes such as the National Adaptation Programme of Action, Local Adaptation Plan of Actions and the Pilot Programme for Climate Resilience.  Nepal is committed to a low carbon development pathway, evidenced by its investment in renewable energy, in particular through its National Rural Renewable Energy Programme. 

Overview of the National Readiness Plan

The Government of Nepal will focus on the following activities to better prepare to access and manage GCF funding, with the support of the GCF Readiness Programme: 

  • Institutional capacity building for the National Designated Authority and Accredited Entity for Direct Access to GCF funding
  • Preparation of investment frameworks for adaptation and mitigation options to reduce climate change induced disaster risks
  • Building capacity to prepare a project pipeline of bankable projects and programmes 

In implementing these activities, the Programme works closely with the Ministry of Finance, International Economic Coordination and Cooperation Division, as well as other public and private sector stakeholders.