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Published on Feb 21, 2013
Nepal is one of the most vulnerable countries to impacts from climate change. The erratic weather patterns, unpredictable rains, poor snowfall at high altitudes, and recurrent droughts have adversely affected agriculture and livelihoods of small farmers and poor people. Climate change has the potential to damage development achievements and undermine future possibilities and aspirations.
Since the impacts of Climate Change affect all economic sectors. The Government will have to invest big amounts of money in adaptation or mitigation activities.
In 2011, the Poverty-Environment Initiative supported the Government of Nepal to undertake a Climate Public Expenditure and Institutional Review. This exercise allows analyzing how much the Government is already spending to address Climate Change. It includes creating a Climate budget code to trace any public spending related to adaptation or mitigation activities.
Undertaking a Climate Public Expenditure Review allowed the Government of Nepal to draw attention to the required levels of investment in different sectors, to reveal some important trends and gaps. As well to ensure money spent to adapt or mitigate Climate Change is allocated the best way.