Advancing Nepal’s Climate Finance Agenda

Nepal’s vulnerability to climate change demands urgent financial interventions. In response, Nepal Rastra Bank (NRB) has introduced the Nepal Green Finance Taxonomy 2024 (NGFT), a structured framework to channel investments into sustainable sectors such as renewable energy, climate-resilient agriculture, and low-emission infrastructure. As COP29 concludes with a pledge of $300 billion annually for climate action and a goal to scale climate finance to $1.3 trillion per year by 2035, it is critical to assess how frameworks like NGFT can catalyze measurable impacts in developing nations.