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Conference
COP26 side event
Virtual (Kathmandu, Glasgow)
09 November 2021
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The National Planning Commission (NPC), Government of Nepal, the British Embassy (BEK), Kathmandu, and the International Centre for Integrated Mountain Development (ICIMOD) are organizing this hybrid side event on Mountain Day at the Cryosphere Pavilion of the COP 26 on 9 November 2021.
This event aims to demonstrate that by working together, the Government of Nepal, its people, international private sector, and international agencies can increase investment in low carbon growth and climate resilience for Nepal and foster close collaboration with its mountain neighbours to achieve common climate mitigation and resilience objectives.
The event also follows ICIMOD’s #HKH2Glasgow campaign – the Mountain of Opportunities investment framework launch – which aims to amplify mountain voices to promote ambitious climate action in the Hindu Kush Himalayas (HKH). The event will showcase Nepal’s approach to increasing investment in low carbon development and resilience – with a live feed to Nepal to allow access for Nepalese stakeholders to promote investment in mountain-specific climate priorities.
Nepal has set ambitious targets for clean energy, forestry, adaptation, and resilience in its development and climate strategies. Nepal needs to raise an estimated USD 46 billion in the next ten years for low carbon investments to achieve its Net Zero ambitions. Nepal requires an additional USD 26 billion to increase the resilience of the most vulnerable and make provisions for the anticipated costs of climate shocks. To deliver these targets, the Government of Nepal has been developing a Green Resilient and Inclusive Development Strategic Action Plan (GRID-SAP) with its development partners, who have committed USD 4.2 billion to support Nepal’s climate targets and mobilise additional resources from private markets and regional investments. The Government is also working with Nepal’s private sector and international investors to identify specific investment opportunities. The Investment Board of Nepal (IBN) has identified a portfolio of USD 45 billion of green investment projects in sectors such as clean energy, tourism, and climate smart agriculture.
Tuesday, 9 November 2021
|
Time |
Programme | |||
| UK | NPT | Kathmandu | Glasgow | |
| – | 15:30-16:00 | Registration | ICIMOD | |
| – | 16:00-16:15 | Opening of the event – Making Climate Business in Nepal | ICIMOD | Dial into COP26 |
| 10:30-11:30 | 16:15-17:15 | HKH High-Level Event in Glasgow
Mountains of Opportunity: Ministerial dialogue to scale up investment in mountain-specific climate priorities in the Hindu Kush Himalaya |
Virtual from ICIMOD | Dial into COP26 |
| 11:30 | 17:15-18:45 | Making Climate Business in Nepal event – continued
Talks by key actors from the government, development, and private sectors of Nepal to identify opportunities for climate investment in Nepal’s Green, Resilient and Inclusive Development (GRID) |
ICIMOD | Dial into COP26 |
| 18:45-19:00 | Introduction and screening of the Sustainable Summits film Screening during reception |
ICIMOD | Dial out from COP26 | |
| 19:00 | Reception | |||
Host: Naina Shakya, Partnership and Private Sector Specialist, ICIMOD
| Time (NPT) | Programme |
| 15:30 | Registration |
| 16:00-16:15 | Opening and welcome
Multi-stakeholder partnership for climate investments in the HKH region – Basanta Shrestha, Director Strategic Cooperation, ICIMOD COP26 and Climate investments – H.E. Nicola Pollitt, British Ambassador to Nepal |
| 16:15-17:15 | HKH High-Level Event in Glasgow: Mountains of Opportunity
Ministerial dialogue to scale up investment in mountain-specific climate priorities in the Hindu Kush Himalaya region |
| Making Climate Business in Nepal
Moderated by: Sujeev Shakya, CEO, Beed Management |
|
| 17:15-17:20 | Welcome remarks – H.E. Nicola Pollitt, British Ambassador to Nepal |
| 17:20-17:30 | Nepal’s climate ambition and finance needs – Pem Kandel, Secretary, Minister of Forests and Environment, Government of Nepal (COP) |
| 17:30-17:40 | Investing in Green Resilient and Inclusive Development (GRID) – Madhu Kumar Marasini, Secretary Min. of Finance |
| 17:40-18:30 | Talks by key actors from the government, green investors, development, and private sectors of Nepal to identify opportunities for climate investment in Nepal’s Green, Resilient, and Inclusive Development (GRID)
Ambassador Ken O’Flaherty, UK COP 26 Climate Ambassador for South Asia John Roome, Regional Director, South Asia Sustainable Development Nicola Mustetea, Climate Change Manager, CDC Anupa Lamichhane, Regional Manager, Asia-Pacific Green Climate Fund Shreejana Rana, President, Hotel Association of Nepal Sagar Goutam, Senior Engineer, Investment Board of Nepal Nishinta Bhatta, Investment Manager, Dolma Fund Manju Gurung, Deputy Mayor, Pokhara Municipality, Nepal Madhusudhan Adhikari, Executive Director, Alternative Energy Promotion Centre |
| 18:30-18:40 | Closing – Nepal is Open for Business
Kewal Prasad Bhandari, Member Secretary, National Planning Commission |
| 18:40-18:45 | A message from the COP 26 Presidency
Lord Tariq Mahmood Ahmad, Minister for South Asia, the United Nations and the Commonwealth at the Foreign, Commonwealth & Development Office (FCDO) |
| 18:45-19:00 | Film screening: Sustainable Summits ‘Climate Solutions from the Top of the World’
Introduction and trailer screening of the Sustainable Summits film – Anu Lama, Tourism Specialist, ICIMOD, and Lisa Chowgyel, New Zealand Honorary Consul in Nepal |
| 19:00 onwards | Reception
Showing of the full Sustainable Summits film |
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The primary objective of this partners’ meeting is to reflect on the progress of and develop plans for an project ...
