Climate finance and green growth: reconsidering climate-related institutions, investments, and priorities in Nepal

Nepal, a least-developed, mountainous, and land-locked country is consistently ranked as one of the most vulnerable countries to the climate change. Poor socioeconomic development, rough and highly unstable geography, inadequate institutional capacity to deal with research, development and policy and mostly underdeveloped infrastructures, all have contributed to increasing vulnerability of communities and ecosystems, and have limited their adaptive capacity. Over the past decade, Nepal has made significant progress, particularly in developing and implementing policies and frameworks and establishing institutional mechanisms with the support of donor countries, UN and multilateral agencies. As the global climate politics is getting more complicated, international financing patterns—both climate and development finance—are shifting their ways, forcing the countries like Nepal to diversify the funding base for climate change actions and integrate them within national development plans and