Workshop on Carbon Financing for Sustainable Banking

Location: Hotel Crystal Pashupati, Kathmandu

Duration: 1 days

Targeted Groups: Bankers

Description

We are pleased to announce the successful completion of our specialized one-day workshop on carbon financing, held on Bhadra 1, 2081 (August 17, 2024) at Hotel Crystal Pashupati. This program, organized in partnership with Muktinath Krishi Company Limited, was specifically designed for Branch Managers, Heads of Departments, and Credit Staff of Banks and Financial Institutions (BFIs). Throughout the day, participants gained valuable insights into the impacts of climate change, the fundamentals of carbon financing, and the opportunities available within voluntary carbon markets. The training covered a range of key topics, including: Impacts of Climate Change and the Role of Carbon Markets Fundamentals of Carbon Financing and Voluntary Carbon Market Mechanisms Types of Carbon Projects Eligible for VCM Credits (including renewable energy, forest conservation, Agriculture, Forestry, and Other Land Use (AFOLU), and industrial processes) Project Development Cycle (from inception to issuance of carbon credits) Standards and Methodologies for carbon credit verification and validation Role of Third-Party Verification Bodies in ensuring the credibility and transparency of carbon credits We extend our heartfelt thanks to our distinguished trainers, Mr. Ram Sharan Timalsina and Mr. Pratik Man Singdan, who expertly facilitated the sessions, providing deep insights into the complex landscape of carbon financing and its relevance to the banking sector. We would also like to express our sincere gratitude to Mr. Bharat Dhakal, Chairman of Muktinath Bikas Bank, for his participation in the program. His presence and contributions added significant value to the discussions. Lastly, we thank all the participants from various Banks and Financial Institutions for their active engagement and contributions throughout the training. Your participation has been instrumental in making this event a success. Trainers Mr. Ram Sharan Timalsina Mr. Pratik Man Singdan

Objectives

To educate BFIs about the impacts of climate change and the importance of carbon markets.
To provide an in-depth understanding of carbon financing fundamentals and voluntary carbon market mechanisms.
To familiarize participants with the types of carbon projects eligible for Voluntary Carbon Market (VCM) credits.
To explain the project development cycle and processes for carbon credit issuance.
To outline standards and methodologies for verifying and validating carbon credits.
To highlight the role of third-party verification bodies in ensuring the credibility of carbon credits.

Programs

Impacts of Climate Change and the Role of Carbon Markets
Fundamentals of Carbon Financing and Voluntary Carbon Market Mechanisms
Types of Carbon Projects Eligible for VCM Credits
Renewable energy
Forest conservation
Agriculture, Forestry, and Other Land Use (AFOLU)
Industrial processes
Project Development Cycle
From inception to issuance of carbon credits
Standards and Methodologies for Carbon Credit Verification and Validation
Role of Third-Party Verification Bodies

Impacts

Enhanced Knowledge and Awareness: Participants gained a deeper understanding of climate change impacts and the role of carbon markets, enhancing their ability to make informed decisions in their respective institutions.
Practical Insights into Carbon Financing: The workshop equipped participants with practical knowledge on carbon financing mechanisms and voluntary carbon markets, enabling them to explore new financial opportunities in this sector.
Understanding of Carbon Project Development: Participants learned about the development cycle of carbon projects, from inception to the issuance of credits, which is crucial for structuring and managing projects effectively.
Strengthened Capacity for Credit Verification: The training on standards and methodologies for carbon credit verification and validation bolstered participants' ability to assess and ensure the credibility of carbon credits.
Promotion of Credible Carbon Credits: Insights into the role of third-party verification bodies helped participants understand the importance of transparency and credibility in carbon financing.

Program Summary

The specialized one-day workshop on carbon financing was successfully held on Bhadra 1, 2081 (August 17, 2024) at Hotel Crystal Pashupati. Organized in partnership with Muktinath Krishi Company Limited, the program was designed for Branch Managers, Heads of Departments, and Credit Staff of Banks and Financial Institutions (BFIs). The workshop focused on imparting knowledge about the impacts of climate change, the fundamentals of carbon financing, and opportunities within voluntary carbon markets. Esteemed trainers Mr. Ram Sharan Timalsina and Mr. Pratik Man Singdan led the sessions, providing valuable insights into the complex landscape of carbon financing. The event was further enriched by the presence of Mr. Bharat Dhakal, Chairman of Muktinath Bikas Bank.