Approval of Nepali projects from Adaptation Fund milestone: Minister Chaudhary
Kathmandu, Oct 25: Minister for Agriculture, Forest and Environment, Geeta Chaudhary, has said it is a milestone for Nepal to have its projects approved by the Adaptation Fund for the mitigation of climate-induced disaster and strengthening of adaptation capacity.
The 47th Board of Adaptation Fund had endorsed three projects which were proposed by Nepal government in a bid to strengthen capacity for better adaptation to climate change.
"At a time when the demand for financial sources for adaptation was on rise and the budget was under strain at Adaptation Fund, the approval of three projects is a huge achievement," she observed. The approval of Nepal's projects would help manage budget to cope with environmental loss.
'Green Koshi' is one of the projects receiving the fund to be utilized for conservation of the ecosystem in Koshi region through a nature-based solution. It would help build resilience too. The implementing agency is the National Nature Conservation Trust (NNCT). The financial assistance proposed for the undertaking is 9.9 million US dollars.
Also the chair of NNCT, Minister Chaudhary informed that Nepal was also receiving the assistance from other sectors.
'Strengthening Adaptation and Flood and Landside Early Warning for the Hindukush Himalaya' is the second project endorsed by the Adaptation Fund. The implementing agency for the project is ICIMOD. The amount proposed is 30 million US dollars for the enforcement of this project.
The third project is related to local level leadership and nature-based solution as a climate action in Lumbini Province. It has aimed at building resilient community. The UN Habitat is implementing the project which has proposed 4.9 million US dollars.

