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Economic impact assessment of climate change in key sectors in Nepal

A new report, released by the CDKN, IDS-Nepal, Global Climate Adaptation Partnership (GCAP) and Practical Action assesses how climate change will affect key economic sectors in Nepal, such as agriculture, water and energy. Nepal is considered to be highly vulnerable to the effects of climate change. Current climate variability and extreme events are already causing major impacts and economic costs in Nepal, estimated to be equivalent to an annual cost of 1.5 to 2% of GDP. Continuing climate change will intensify these impacts, leading to potentially large additional economic costs in the future. In order to understand the future effects of climate change better and be able to respond to these climate-related risks accordingly, the study ‘Economic impact assessment of climate change in key sectors in Nepal’ was undertaken at the request of the Government of Nepal.

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