Climate finance dilemma

It would be unwise only to demand climate finance as grants without prioritising areas of investment.

The adoption of the Paris Agreement in 2015, which aims to limit the temperature rise below 2 degrees Celsius by the end of this century, is one of the greatest achievements in the three decades of international climate negotiations. Nationally Determined Contributions (NDCs) are some of the key elements of the agreement, and their implementation will be crucial in the coming decades to achieve both common global and national climate goals. To fulfil its obligation to the United Nations Framework Convention on Climate Change (UNFCCC), Nepal submitted its first NDC in 2016 and a more ambitious second NDC in 2020 to reach net zero by 2050. The