Nepal offers $46 billion climate investment opportunities
A study by International Finance Corporation (IFC) in 2017 estimated that Nepal offers climate investment opportunities worth $46.1 billion between 2018 and 2030 in key sectors like renewable energy, transport infrastructure, and municipal solid waste as it moves toward the implementation of climate targets it has set as part of its commitment made in the Paris Agreement.
Achieving Nepal’s Nationally Determined Contributions (NDCs) ambition to install 12,000 MW of hydropower capacity creates an investment opportunity of $22.5 billion, says the study.
“The government’s policy push to make its agricultural sector more climate-friendly and its NDC goals to increase the use of efficient technologies and production of local crop varieties represent an investment opportunity of $4.8 billion.”
Generating awareness about the business case for green and resilient investment together with developing successful private-public partnerships and climate-smart projects to demonstrate the financial benefits of investing in green projects is a key recommendation made by the IFC to Nepal in its study.
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