Kathmandu: A high-level delegation from Nepal visited Manila for a peer-to-peer exchange with the Philippine government. This direct, country-to-country cooperation allowed government experts to share the specific tools and policies they have built to manage climate funding and carbon markets.
The exchange between two climate-sensitive countries centered on national innovations such as National Climate Finance Strategies and Tracking Systems, Carbon-market Readiness and Nature-based Solutions, and Accelerating low-carbon Energy Transition.
The exchange concluded with a visit to the Pililla Wind Farm in Rizal. This visit allowed the delegation to observe how fiscal and non-fiscal incentives successfully roll out renewable energy systems. The site visit offered practical lessons for expanding energy access in isolated regions, specifically for the remote mountain communities of Nepal and the off-grid island areas of the Philippines.
The Climate Finance Network (CFN) acts as a platform connecting 18 countries in the region, recognizing that the $1.5 trillion annual climate funding gap in Asia-Pacific cannot be closed by money alone. This exchange was an initiative of the flagship UNDP Climate Finance Network (CFN), supported by the UK’s Climate Action for Resilient Asia (CARA) programme and Sweden through Sida.
