Overview
The project aims to surge the use of CCS by instigating the concepts of (i) bulk tendering via reverse auctioning (ii) result based financing and (iii) mainstreaming and capacitating local governments in the renewable energy (RE) sector. Benefitting Nepal’s Terai region, it aligns with the Government’s Terai Madhes Clean Cooking Program and bolsters Nepal’s NDC4 of reducing 50% fossil fuel dependency by 2050 increasing the resilience of the most vulnerable people and communities with health, environmental, gender, social, and economic co-benefits.