Nepal Seeks World Bank Loan to Fight Air Pollution
Nepal's government is negotiating a loan from the World Bank to fund a project to combat air pollution, despite having raised millions of dollars through fossil fuel taxes over the past 16 years.
The proposed Nepal Clean Air and Prosperity Project, valued at 20.8 billion rupees ($147.9 million), aims to reduce industrial emissions, strengthen air pollution control, and improve emergency response.
With regard to the loan size, the amount is being finalized with the government based on the cost of the detailed project activities
— said Akash Babu Shrestha, a spokesperson for the World Bank in Nepal.
The project will help industries reduce emissions, build government capacity, and improve response to air pollution emergencies, according to project documents on the World Bank's website.
Author's summary: Nepal seeks World Bank loan to combat air pollution despite taxing fossil fuels.
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