{"id":1310,"date":"2019-11-15T08:42:10","date_gmt":"2019-11-15T02:57:10","guid":{"rendered":"https:\/\/www.meromauka.com\/news\/?p=1310"},"modified":"2019-11-15T08:42:13","modified_gmt":"2019-11-15T02:57:13","slug":"nepal-receives-first-ever-climate-change-project-grant-from-green-climate-fund","status":"publish","type":"post","link":"https:\/\/www.meromauka.com\/news\/nepal-receives-first-ever-climate-change-project-grant-from-green-climate-fund\/","title":{"rendered":"Nepal receives first-ever climate change project grant from Green Climate Fund"},"content":{"rendered":"\n

Nepal has secured 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.<\/p>\n\n\n\n

The 24th board meeting of the fund in Sangdo, South Korea on Wednesday\u00a0approved the first funding proposal of Nepal\u2014one of the most vulnerable countries to the impacts of the climate crisis.<\/p>\n\n\n\n

The meeting has given the green signal to awarding a $39.3million grant to the project titled \u2018Building Resilient Churia Region in Nepal (BRCRN)\u2019.<\/p>\n\n\n\n

Set up in 2010 under the United Nations Framework Convention on Climate Change (UNFCCC), the\u00a0Green Climate Fund (GCF)\u00a0was created to support the efforts of developing countries to respond to the challenge of climate change.<\/p>\n\n\n\n

According to Raju Pandit Chhetri, a climate change activist and executive director of Prakriti Resources Centre, an NGO working for sustainable development and environmental justice in Nepal, this is the first-ever that the GCF has extended such substantial funding to the country for climate change-related projects.<\/p>\n\n\n\n

\u201cIn the past, we have achieved some funds from the GCF, but this is the first time the fund has approved Nepal\u2019s funding proposal. This is an important achievement for the country,” Chhetri, who has been involved in international climate negotiations for years, told the Post from Songdo, South Korea.<\/p>\n\n\n\n

Nepal had also received fundings from the GCF twice in the past. In 2016, under the GCF’s Readiness and Preparatory Support Programme, a programme to enhance country ownership and access to the funds, Nepal had\u00a0received a grant of $2.9 million\u00a0via the United Nations Environment Programme for preparing its National Adaptation Plans (NAPs), also known as\u00a0Asia\u2019s first GCF-financed project<\/a>\u00a0at the time.<\/p>\n\n\n\n

Likewise, Nepal received another funding from\u00a0GCF\u2019s Readiness Support\u00a0that provides up to $1 million per country per year for strengthening the country\u2019s institutional capacities to access the funds.<\/p>\n\n\n\n

\u201cApproval of funding for the project for climate actions is a positive development for a climate change vulnerable country like Nepal,\u201d Pragyajan Yalamber Rai, project manager of GCF Readiness and Preparatory Support Programme under the Ministry of Finance.<\/p>\n\n\n\n

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, according to Chhetri.<\/p>\n\n\n\n

The Food and Agriculture Organization will implement the approved project, in partnership with the Ministry of Forest and Environment, in the fragile Chure range which has\u00a0faced massive degradation in the past. The project will last for seven years.<\/p>\n\n\n\n

\u201cWe all are aware of the vulnerability of the Chure range and its degradation over the years. The Chure range is a significant zone for the people living in the low-lying districts in Tarai for its services like water, forest among others,\u201d said Rai. \u201cThe approved project is a multi-dimensional one as it not only talks about the resilience of vulnerable communities and conservation but also early warning systems. It will help locals in adapting to the changing climate.\u201d<\/p>\n\n\n\n

In recent years, Nepal has fallen into the list of countries that are facing the brunt of a changing climate and its associated impacts despite doing little in the past or present to amplify global warming. Nepal is one of the\u00a0fourth most vulnerable countries in the world\u00a0in terms of climate change effects which are already\u00a0evident in various sectors.<\/p>\n\n\n\n

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\u2014adaptation and mitigation\u2014in order to gain resilience.<\/p>\n\n\n\n

\u201cApproval of the first such project has paved the way for the country to access climate finance,\u201d said Rai. \u201cThis has given the country with much-needed confidence that we can do more in the future.\u201d<\/p>\n\n\n\n

There are at least three projects in the pipeline for accessing grants from the GCF.<\/p>\n\n\n\n

WWF Nepal has been working on a project proposal which will be based in West Seti area. Likewise, the UNDP Nepal is\u00a0working on a project proposal\u00a0to 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.<\/p>\n\n\n\n

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\u2014the first one to go for approval among others in the pipeline, according to Rai.<\/p>\n\n\n\n

However, these all are international agencies-supported projects.\u00a0Accreditation 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.<\/p>\n\n\n\n

The GCF accreditation to the AEPC means it can\u00a0access up to $50million in GCF funds\u00a0for low-carbon, climate-resilient development projects and programmes in Nepal.<\/p>\n\n\n\n

\u201cFunding approval has opened new avenues for the country for climate actions be it adaptation or mitigations,\u201d said Chhetri. \u201cWhat is important now is how we effectively utilise the money and use it for making communities climate resilient at the ground level. Learning from this project will help in securing other project fundings.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Nepal has secured its first significant funding from the Green Climate Fund (GCF) for a…<\/p>\n","protected":false},"author":1,"featured_media":1311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,17,19],"tags":[],"class_list":["post-1310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-environmental-news","category-nepal","category-news"],"yoast_head":"\nNepal receives first-ever climate change project grant from Green Climate Fund | Buy sell anything in Nepal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.meromauka.com\/news\/nepal-receives-first-ever-climate-change-project-grant-from-green-climate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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