Green Climate Fund to provide $36.1 million in grant for Nepal

Kathmandu, July 2

The Green Climate Fund (GCF) has approved almost Rs 5 billion in grant to help Nepal reduce the growing threat of glacial lake outburst floods (GLOFs). The 42nd Board Meeting of the GCF held in Papua New Guinea on Tuesday approved the grant assistance while recognizing Nepal’s project entitled ‘Protecting livelihoods and assets at risks from Glacial Lake Outburst Floods (GLOFs) and climate change-induced flooding in glacial river basins of Nepal’.