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COP26 side event
Adaptation and Resilience Building
Virtual (Kathmandu, Glasgow)
09 November 2021
Naina Shakya , Mayaju Maharjan & Barsha Rani Gurung
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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
Mountains of Opportunity: Ministerial dialogue to scale up investment in mountain-specific climate priorities in the Hindu Kush Himalaya
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)
Host: Naina Shakya, Partnership and Private Sector Specialist, ICIMOD
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
Ministerial dialogue to scale up investment in mountain-specific climate priorities in the Hindu Kush Himalaya region
Moderated by: Sujeev Shakya, CEO, Beed Management
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
Kewal Prasad Bhandari, Member Secretary, National Planning Commission
Lord Tariq Mahmood Ahmad, Minister for South Asia, the United Nations and the Commonwealth at the Foreign, Commonwealth & Development Office (FCDO)
Introduction and trailer screening of the Sustainable Summits film – Anu Lama, Tourism Specialist, ICIMOD, and Lisa Chowgyel, New Zealand Honorary Consul in Nepal
Showing of the full Sustainable Summits film