Climate Change Budgeting in Nepal

Climate Change Budgeting in Nepal

National budgets have emerged as an important tool for governments worldwide to address climate challenges. Developing countries have stepped up efforts to align budget allocations according to the degree of climate vulnerability they face, channeling funds to high-risk sectors and regions. Nepal is one of the most climate-vulnerable countries in the world and faces losing 2.2% of its annual GDP due to climate impacts by 2050. Recognizing this v…