Project Title: Financing Gap for Risk Reduction and Management of Climate-Induced Disasters in Nepal|
Collaborating Partner: Practical Action|
Duration: 5th June 2020 to December 15|
Area Coverage: National|
Key Project Staff: Madhu Sudan Gautam, Team Leader/Development economist; Dhanej Thapa, Climate/DRR Finance Expert; Nabin Shrestha, Research officer|
Main features of the project:
The purpose of research study is to understand the national spending (both ongoing and planned) on risk reduction and management of climate related disasters, examining the landscape of disaster risk financing as well as available financial instruments and quantify the actual financing gap to avert, minimize and address climate induced loss and damage in Nepal.
Specifically, the study aims to:
- Quantify financing for risk reduction and management of climate –induced disasters and track the fund flows from multitude of sources (international and national) and generate up-to-date evidence on national spending for risk reduction and management activities.
- Analyze the DRR fund flow mechanism from federal level down to provincial and local level and identify institutional constraints to the effective delivery of DRR finance to poor and vulnerable groups, together with opportunities to empower governments to overcome these constraints.
- Quantify actual funding gaps in flood risk reduction and management for Nepal by measuring the difference between the financing required to avert, minimize and address flood induced economic loss & damage in the medium and long term and the funding supply (actual or planned spending in flood risk reduction).
- Provide necessary recommendations to improve the both quantity and quality of investment in risk reduction and management of climate related disasters in Nepal as well as the ways to enhance budget execution capacities along with the increase in investment.