“TAAS-0072: Support for Strengthening Climate Finance Activities in Nepal”
The project – “TAAS-0072: Support for Strengthening Climate Finance Activities in Nepal” was led by Nepal Development Research Institute (NDRI), working in collaboration with Prakriti Resources Centre (PRC) and funded by Climate and Development Knowledge Network (CDKN). The overall objective of this project was to support the Government and the private sector in enhancing their understanding and capabilities towards accessing and utilizing Climate Finance to implement climate actions in the country.
Specific objectives of the project included:
- Enhancing understanding of potential National Implementing Entities (NIEs) with regards to accessing international climate finance through direct access modality through training workshops and production of knowledge products;
- Bridging divergent views /understanding among senior government officials from the key ministries and others;
- Raising awareness regarding barriers towards accessing climate finance both within Nepal (delivery mechanism) and internationally (access). It is expected that this will provide the key actors with a broader understanding of the global climate finance landscape.
A climate finance sensitization workshop (on 7 March 2017), followed by a capacity assessment workshop (on 27 – 28 March 2017) of potential NIEs (targeting the private sector organizations), was organized. The aim of the first workshop was to sensitize stakeholders, particularly from the private sector, on opportunities and challenges in accessing climate finance and to support on identification of potential National Implementation Entities (NIEs) on climate finance. The aim of the second workshop was to enhance understanding of the potential NIEs on Green Climate Fund (GCF) about accreditation procedures / requirements and support in self-assessment of their respective institutions as per GCF accreditation requirements. Participants included representatives from concerned ministries and departments of the government, public institutions, private entities like commercial banks, Federation of Nepalese Chambers of Commerce and Industry etc.
A number of knowledge products were prepared by the project team including:
- A concept note identifying suitable NIEs: this covers the criteria for selection of potential NIEs for accreditation to Green Climate Fund (GCF), and the list of potential NIEs according to GCF strategic impacts areas and national priorities have been identified
- Situation Analysis Report: a baseline analysis of the status of climate finance related work in Nepal, including barriers and challenges faced by relevant actors, and the entry points for further interventions and arrangements needed on climate finance are covered in the report
- Reusable Guide on GCF accreditation: the guide describes the different aspects of GCF, the accreditation procedure and the opportunities available for private sector engagement in GCF.
- Briefing note on Direct Access Modality: describes what Direct Action Modality of climate finance is and summarizes the opportunities and challenges, and the way forward for Nepal in accessing climate finance through Direct Access.
- Infographics on access to GCF and accreditation of NIEs to GCF: provides in a nutshell the key process of access and accreditation to GCF.
- Final recommendation report: summarizes the key recommendations from all the project activities including the capacity assessment exercise and the recommendations made by the potential NIEs and concerned government agencies as part of their feedback on the workshops and in individual follow-up meetings with top management of these entities.
The project commenced in November 2016 and concluded in March 2017.