Climate and cash

  • All three tiers of Nepal’s government must make responsible use of climate change finance
– Rabi Wenju

According to the 2017 Nepal Disaster Report, weather-related disasters in 2015 and 2016 resulted in the death of 710 people across the country and caused economic losses of around 3.32 billion rupees. The agriculture sector, which accounted for two-thirds of the economy in 2010, shrunk to contributing only 29 percent to the economy this year. Almost 60 percent of Nepalis are dependent on this sector, which is highly susceptible to climate change induced weather uncertainties such as an increase in temperature and erratic precipitation. Extreme climatic events account for an annual loss to the tune of 1.5 to 2 percent of the country’s GDP.

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