Nepal and the Republic of Korea have formally executed a climate change cooperation framework agreement. The bilateral accord seeks to combat climate change, lower greenhouse gas emissions, and unlock carbon finance options. It establishes formal mechanisms for both nations to collaborate across key environmental sectors, supporting long-term sustainable development objectives. Drafted under Article 6 of the Paris Agreement, the pact focuses on several operational areas. These include participation in carbon markets, the facilitation of climate-friendly investments, technology transfer, and targeted climate adaptation strategies. Authorities expect the agreement to attract carbon financing internationally while driving funding from public and private investors into mitigation programs. Expressing appreciation to the Government of South Korea, the Government of Nepal voiced confidence that the new partnership will broaden environmental cooperation. Officials noted that the framework is structured to maintain transparency, environmental integrity, and mutual benefits as both countries expand their joint efforts to tackle ongoing climate challenges.
Nepal and South Korea Sign Climate Cooperation Agreement
The accord reached under Article 6 of the Paris Agreement targets carbon market access and emissions reduction.
1 min read
0:32
In short
- Nepal and South Korea signed a framework agreement to combat climate change and lower emissions.
- The accord was established under Article 6 of the Paris Agreement to expand carbon market access.
- The partnership targets technology transfer, climate adaptation, and private sector investments.
From public sources and the WeNepal research team
https://wenepal.com/article/nepal-and-south-korea-sign-climate-cooperation-agreement-20261113
Comments
Comments are not open yet. We are building moderation first so the conversation stays safe. Use the contact form to reach the newsroom.
Contact