Nepal, Feb. 8 -- Minister for Forests and Environment Madhav Prasad Chaulagain has said the government is ready to introduce and amend policies and regulations to encourage greater participation of the private sector in carbon trading.

Stressing the need for the involvement of Nepal's financial institutions in the carbon market, Minister Chaulagain said the Ministry of Forests and Environment is prepared to provide policy-level facilitation to attract private investment. He was speaking at the inauguration of a workshop organised in Kathmandu on Saturday.

Referring to Nepal's recent climate finance breakthrough, the minister said the country had signed a "historic agreement" with the LEAF Coalition, securing climate finance in recogniti...