FNCCI’s Senior Vice President emphasizes increased Green Climate Fund

KATHMANDU: Chandra Dhakal, Senior Vice President of the Federation of Nepal Chamber of Commerce and Industry Chandra Prasad Dhakal said that the access of the private sector to the Green Climate Fund should be increased in order to reduce the impact of climate change. 

Speaking at the 4-day national workshop on ‘South-South Exchange on Preparing Smooth Transition Strategies: Graduating cohort of 2021’ organized by the United Nations in Bangkok on Tuesday. “As Climate change is seen as the biggest problem facing the world now, the private sector’s access to Green Climate Fund should be increased so as to develop hydropower projects and the construction of transmission lines,” said Dhakal.

He said that small and medium businesses can benefit from the development of hydropower projects and the construction of transmission lines. Now small and medium businesses have been hit by climate change impact. If the Green Climate Fund is provided for the development of hydropower projects and the construction of transmission lines at a concessional rate, it will help reduce the impact of climate change and protect small and medium businesses,” he said. He urged the United Nations, the governments, and other non-governmental organizations to collaborate with the private sector to fight climate change impact which is becoming the world’s biggest challenge.