Report highlights the large climate finance requirements and funding gaps in the Hindu Kush Himalaya (HKH) region. 

Key Findings of the report

• The HKH region requires USD 12.065 trillion by 2050, for climate mitigation and adaptation, amounting to an annual average of USD 768.68 billion.
  • China and India represent over 92.41% of these needs with India alone requiring USD 101.92 billion per year of climate finance.
• Climate Finance Gap: Existing climate finance flows are far below requirements despite global climate finance reaching USD 1.3 trillion annually.
• Underfunded Sectors: Sectors crucial to the region, such as adaptation, agriculture, water management, and disaster risk reduction, remain significantly underfunded despite their critical importance.
• Recommendations: Establishing an HKH Climate Finance Network, leveraging innovative financial instruments such as green and blue bonds, debt-for-climate swaps, and voluntary carbon markets etc.

About Hindu Kush Himalaya (HKH) region

• The Hindu Kush Himalaya (HKH) is a transboundary mountain system stretching across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan. 
• Often referred to as the “Third Pole” as it contains the largest ice reserves outside the Arctic and Antarctic.
• Extent: Spans over 3,500 km across Asia.
• River Systems: Source of 10 major Asian river systems, including the Indus, Ganga, Brahmaputra, Yangtze, and Mekong.