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Conference

HKH Mountain Day: Making climate business in Nepal

COP26 side event

Venue

Virtual (Kathmandu, Glasgow)

Date & Time

09 November 2021

Contact

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.

 

Outcome
  • Showcase Nepal’s opportunities for green business and investments
  • Enable the Government of Nepal to showcase Nepal’s openness for green investment, leading up to an event in 2022

 

Background

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.

 

Agenda

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

 

Detailed agenda

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