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Identification and prioritization of barriers to access international climate finance for Nepal
- Source: Asia-Pacific Sustainable Development Journal, Volume 30, Issue 1, May 2023, p. 121 - 148
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- 25 May 2023
Abstract
This study covers perceived and prioritized barriers to access climate funds, using Nepal as a case for least developed countries. A comprehensive picture of the climate finance flow in Nepal is presented and barriers to access international climate finance are identified. These barriers are prioritized based on their importance and potentials to be removed. Out of the 63 identified barriers, most prominent ones are inadequate ministerial coordination, limited evidence-based research and limited understanding of public–private partnerships. Despite some successes in accessing climate finance, key challenges remain. Among them are low disbursement, inadequate information-base and limited choice of financial instruments.
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