| Project Detail |
Project Name
Green, Resilient, and Inclusive Development Program (Subprogram 1)
Project Number
57337-001
Country / Economy
Nepal
Project Status
Approved
Project Type / Modality of Assistance
Loan
Technical Assistance
GRID is a novel homegrown approach to development that holistically addresses the set of overlapping and reinforcing crises, including climate-induced hazards, to ensure development activities are more greener, more resilient, and more inclusive. The GRID approach enables Nepal to meet its commitments on climate adaptation, resilience, and disaster risk management, as set out in its nationally determined contribution and national adaptation plan. The government, ADB and 15 other development partners have jointly adopted the GRID approach. The proposed PBL will support the government in operationalizing the GRID approach by unlocking policy, regulatory, and institutional bottlenecks to promote sustainable investment opportunities across sectors.
Project Rationale and Linkage to Country/Regional Strategy
Nepal is facing a polycrisis ranging from climate change and environmental risks to biodiversity loss, soil degradation, solid waste, natural hazards, and macroeconomic shocks. These are often overlapping and mutually reinforcing crises. Climate-induced disasters (e.g., floods, landslides, glacial lake outburst floods, droughts, forest fires, avalanches, cold and heat waves, snowstorms, hailstorms, and epidemics) have caused irreparable damage to lives, livelihoods, and the economy. Moreover, the degradation and depletion of essential natural resources (e.g., wetlands, forests, and arable land) heighten the risks and reduce adaptive capability. Several sectors critical for poverty reduction, employment, and economic growth-such as agriculture and forestry, energy (including hydroelectricity), tourism, transport, water and other urban infrastructure and services, and finance-are exposed to higher risks and vulnerabilities arising from the multiple overlapping and mutually reinforcing crises. To address these issues holistically, policies urgently need to be strengthened and barriers must be addressed to unlock opportunities for scaling up adaptation and mitigation investments at all levels of government, following a multisector and integrated approach. |
