Kathmandu, Global IME Bank Limited (GIBL) and the Global Climate Partnership Fund (GCPF) signed a USD 25M loan agreement to promote climate positive lending in Nepal. Notably, this marks the first climate-related funding provided by GCPF to Nepal. The funds are earmarked for financing energy efficiency and renewable energy projects in the country. The infusion […]
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This is the age of renewable energy. Fossil fuels have harmful effects not only on the environment but also on the human health. That is why the world is marching towards renewable energy. Nepal has also made remarkable advances in the renewable energy sector. In Nepal, renewable energy basically consists of hydropower and solar power. The development of wind power is negligible.
