Kathmandu. The government is going to give priority to subsidies over loans in mobilizing climate finance.
This arrangement has been made under the foreign aid mobilization policy prepared by the government. The government has adopted a policy of maximum mobilization of available climate finance based on the principles of climate justice that benefit Nepal.
Under this policy, the government will give priority to subsidies and climate-friendly sectors over loans in mobilizing climate finance. Climate finance mobilization priority will be given to the areas and geography most affected by climate change.
Similarly, the government’s priority will be to mobilize climate finance through the national system. International efforts will be made to increase the amount of climate finance committed by carbon-emitting developed countries to meet the requirements of resources for nationally determined contributions (NDC) and national adaptation plans (NAP).
Under this policy, the government will enhance the capacity of climate finance mobilizing agencies to prepare climate-related projects, increase access to climate funds and effectively utilize funds received from the fund. The government has adopted a strategy to reduce the co-financing conditions required by the Government of Nepal for the mobilization of climate finance, to lobby internationally for the effective implementation of the Loss and Loss Fund, to adopt the latest internationally prevalent methods to maximize Nepal in carbon trade, to use the latest tools of climate finance mobilization and to mobilize available resources on priority basis by preparing a list of possible projects for mobilizing climate finance. is.
Similarly, while developing climate change adaptation projects, emphasis will be laid on developing agriculture, drinking water, irrigation, forestry through integrated and programmatic methods. The government has taken a policy to regulate and regulate the mobilization of climate finance by the non-governmental and private sectors.
