Millennium Challenge Corporation’s Post

Nepal's rich hydropower potential is hindered by political instability and economic challenges. Urgent reforms are needed to unlock this clean energy source. Let's address governance issues and create an investment-friendly environment for sustainable development. Together, we can harness Nepal's renewable energy wealth for a brighter future.So many things we can do with clean energy. https://lnkd.in/dw8AK5Mp

🚨 $46 billion investment opportunity in Nepal 🌿 Green financing is relatively new concept in modern finance and refers to financial support or investment directed toward projects, businesses, or initiatives that aim to have positive environmental impacts by promoting sustainability, renewable energy, or reducing carbon emissions.  The world has witnessed a recent drive towards a sustainable future, with actions such as carbon neutrality commitments made by countries and the signing of the Paris agreement. 🏦 Accordingly, the International Financial Corporation had conducted a study on south Asian countries. IFC estimates a climate-smart investment opportunity of more than $46 billion in Nepal between 2018 and 2030. Here are the areas identified by IFC. If you would like to learn more about the developments taking place in this space, here in Nepal, you can contact us at KASA Nepal Source: https://lnkd.in/gXFjhKgk

The green growth strategy focuses on sustainable economic development and is aligned with global trends on environmentally responsible practices. Investments in renewable energy, eco-friendly infrastructure, and conservation efforts are central to the National Budget 2024/2025.   The total investment required to achieve the target of 35% is estimated to be Rs 35 billion over the next 2 years. The additional investment will in turn increase GDP and reduce carbon emissions. Generating energy from renewable sources will help reduce imports of fossils fuels thereby improving our balance of trade and bringing a positive effect on GDP. The impact on GDP is estimated to be 3.8% per year.   Learn more from the EDB budget highlights. Our team has come up with this exclusive document by summarizing the important and impactful budget measures. 👉 https://lnkd.in/dAwynu2Q EDB Mauritius has launched the ‘EDB AI Tool’ which is designed to help read through the National Budget and extract all relevant information with unparalleled and efficiency. [Try it now] https://edbAi.org/ #edbmauritius #nationalbudget #economicempowerment #tourism #mauritius

Energy is life. Access to modern energy (for electricity, cooking, transportation) is necessary for sustainable development. The UN Sustainable Development Goal 7 calls for “affordable, reliable, sustainable, and modern energy for all” by 2030. Studies have shown a positive and significant causal link from energy use to economic growth and human prosperity. I researched electricity access in Sri Lanka, and the pathways forward here: https://lnkd.in/eiTMC7DY

From adversity to opportunity! In Sri Lanka's Northern Province, where war once cast a shadow, hope now shines bright! Companies like MAS KREEDA Vaanavil, MAS Intimates Vidiyal, Omega Line Vavuniya, and Hirdaramani Group Industries have not only created jobs but also paved the way for sustainability. Their LEED certified factories powered by renewable energy stand as beacons of progress, proving that resilience and eco-consciousness can go hand in hand. Over 80% of their products now reach global markets through the EU's GSP+ scheme, a testament to the Northern Province's remarkable journey towards economic growth and environmental responsibility. #SustainableGrowth #NorthernProvinceRising #EmpowermentThroughIndustry #SriLankaApparel #apparelindustry #SriLanka

Exciting strides in sustainable transport! 🌍 Zambian Electric Mobility Innovation Alliance (ZEMIA)'s groundbreaking research "Fast Tracking Electric Mobility Adoption in Sub-Saharan Africa" offers a comprehensive analysis on vehicle segment prioritization, adoption barriers, and a policy roadmap for GHG emissions. Dive into the data-driven insights, with a focus on Zambia, and explore TCO comparisons using the AFLEET Tool. A crucial step towards a greener future! 🚗⚡ #ElectricMobility #Sustainability #ZEMIA #GreenTransportation Access the full research article here: https://lnkd.in/eneCsrbY

Embracing Electric: Nepal's Drive Towards a Sustainable Future Nepal's transition to electric vehicles (EVs) is driven by urgent environmental concerns, abundant hydropower resources, and compelling economic benefits. With a focus on reducing pollution and enhancing energy security, the government's supportive policies and incentives are fueling the growth of EVs. Compact and efficient, EVs are addressing urban congestion while offering long-term savings for consumers. In Nepal's quest for sustainability, EVs are steering the nation towards a cleaner, quieter, and more resilient future. In conclusion, the future of transportation in Nepal is undeniably electric. By harnessing its abundant renewable energy resources, addressing environmental imperatives, and embracing innovative policies, Nepal is driving towards a greener, cleaner, and more sustainable future—one electric mile at a time. As the wheels of progress turn, the journey towards a carbon-neutral Nepal is well underway, powered by the silent revolution of electric vehicles. ONE ELECTRIC MILE AT A TIME!#somethingiscooking

In the realm of infrastructure development, sustainability is the linchpin for Kenya's progress. By prioritizing eco-friendly materials, renewable energy sources, and resilient designs, we not only address current needs but also fortify against future challenges. Sustainable infrastructure not only reduces environmental impact but also fosters economic resilience and social inclusivity. Let's build a Kenya where progress coexists harmoniously with nature. #SustainableDevelopment #KenyaInfrastructure #GreenFuture

Exciting News from Solutionsplus! 🌍 EKOglobe is making waves in Dar es Salaam, Tanzania, tackling transportation challenges head-on. The city, grappling with a booming population and worsening traffic congestion, is in need of sustainable solutions. Our initiative involves electrifying three-wheelers, a move that promises to ease congestion, slash emissions, and enhance the city's quest for sustainable development. The electrification project specifically targets three-wheelers supporting the BRT system in Dar es Salaam. This innovative step is poised to transform the city's transportation landscape, addressing air pollution, cutting operating costs, and boosting mobility for residents. Moreover, it's a significant stride towards economic development, creating job opportunities in the electric vehicle sector. 🚗🌿 #Solutionsplus #DarEsSalaam #ElectricVehicles #SustainableTransportation #EcoFriendlySolutions #GlobalInitiative

It was an honour meeting the Hon’ble Minister of Ports, Shipping and Waterways, Government of India (GoI), Shri Sarbananda Sonowal today at the Hon’ble Minister’s good office. I briefed him on the various initiatives carried out at GRIHA Council and Sustainable Infrastructure Programme at TERI - The Energy and Resources Institute, to promote sustainable development in the built sector. We discussed the upcoming #infrastructure development in the #NorthEastern region and integrating #sustainability in the built fabric of the region using the GRIHA tool. #griha #griha4all #government #sustainabledevelopment #greenbuildings #lowcarbon