GCN holds third sustainable finance peer learning session in Kathmandu

KATHMANDU: Global Compact Nepal (GCN), in collaboration with the United Nations Development Programme (UNDP), organised the third session of its Sustainable Finance Peer Learning Group (PLG) on Tuesday. The meeting was held at the headquarters of Himalayan Everest Insurance in Kathmandu.

The session, the third in a six‑part monthly series, is aimed at helping businesses integrate sustainability and climate considerations into their financial strategies. Discussions focused on the implications of the recently passed Carbon Regulations Act 2082 and on how the private sector can advance decarbonisation efforts and participate in carbon trading.

The event opened with remarks from Anisha Karn, treasurer of Global Compact Nepal, who underlined the importance of knowledge sharing and the role of sustainable and climate finance in empowering Nepal’s private sector. Amita Thapa Magar, in‑country facilitator for the NDC Partnership, presented on the Carbon Regulations Act 2082 and its implications for the private sector, emphasising how businesses can leverage the new law.

Rashmi KC, programme manager at Global Compact Nepal, shared reflections from COP30 in Belém, Brazil, while Krishna Bikram Shah, executive director at Global Compact Nepal, outlined opportunities for the private sector under the new carbon regulations. Nawa Raj Dhakal, executive director of the Alternative Energy Promotion Centre (AEPC), discussed technical aspects of carbon trading and how businesses can engage with government mechanisms to participate.

Organisers said active participation and insightful discussions reflected the private sector’s growing awareness and commitment to climate finance and sustainability, and demonstrated recognition of the vital role finance and investment play in driving Nepal’s transition to a more sustainable and resilient economy.

The session was hosted by Himalayan Everest Insurance and attended by more than 30 participants. For further information, organisers listed Minita Ghimire and Rashmi KC as contacts.