Nepal, July 2 -- The Green Climate Fund (GCF) has approved almost Rs 5 billion in grants to help Nepal reduce the growing threat of glacial lake outburst floods (GLOFs). The 42nd Board Meeting of the Green Climate Fund (GCF), held in Papua New Guinea on Tuesday, approved grant assistance for Nepal's project titled "Protecting Livelihoods and Assets at Risk from Glacial Lake Outburst Floods (GLOFs) and Climate Change-Induced Flooding in the Glacial River Basins of Nepal."

GCF's alternate board member on behalf of LDCs, Dr Sindhu Prasad Dhungana, who attended the GCF meeting in Papua New Guinea, confirmed that the decision was made to approve a $3.61 million grant to help Nepal protect lives and livelihoods from the risks of GLOFs. Nepal's...