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Prajwal Baral

MSc, University of Oxford; Engineer

Type T Entrepreneur Consultant providing consulting services on Clean Technology Innovation & Investment, Sustainable Finance, Low Carbon Economic Development and Public-Private Partnerships.

Biography

Mr. Prajwal Baral works at the intersection of low carbon technology, sustainable finance and decarbonization policy. He has experience consulting for the likes of the World Bank Treasury, International Finance Corporation (IFC), DBS Bank, the UNEP Inquiry into the Design of a Sustainable Financial System, the United Nations Development Programme (UNDP), C40 Cities Finance Facility, the World Trade Organization (WTO) and several other public/private institutions in Asia, Europe, and the Americas. He was the key consultant in revamping technology classification of WIPO GREEN, an interactive marketplace initiated by the World Intellectual Property Organization (Switzerland) that matches owners of new technologies with individuals or companies seeking to commercialize, license or otherwise distribute a green technology. He was later headhunted by Korea Technology Finance Corporation (S Korea) as the first non-Korean hire in its history of 30 years to set up a financing facility for climate technologies, backed by a tailored technology rating and valuation system. In 2017, he was headhunted by the Development Bank of Singapore (DBS), the largest commercial bank in South East Asia with USD 50 billion of market capitalization, to assess green financing opportunities, stocks and flows in 10 ASEAN countries (the first quantification of green finance opportunities across the region). He was later sourced by the UNEP Inquiry to conduct a similar exercise in Argentina and Nigeria with a focus on sustainable finance. At the Inquiry, as a Senior Advisor, he also led a technical report on Market Dynamics for the Central Banks and Supervisors Network for Greening the Financial System (NGFS) under its workstream on scaling up green finance. He later served as a Member of the Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability. At the UNDP, he led an initial scoping study to assess financial risks of nature-related loss in global insurance industry - the first of its kind for the insurance sector. He has consulted for the Capital Markets & Investments Department of the World Bank Treasury on green and sustainable bonds, provided climate risk assessment service to IFC's investment projects, and is supporting climate change mainstreaming in the Bank's lending operations. In addition, he serves as a transaction advisor to the International Renewable Energy Agency (IRENA) - advancing renewable energy projects (solar, wind, hydro, biomass) towards financial closure. 

Mr. Baral has authored numerous papers and book chapters that cover topical issues in infrastructure and development finance, international trade, energy, and climate change. He writes regularly for popular print and online media. His work has been cited by the likes of G7 Members, sitting Deputy Prime Minister, Ministers and Senators, popular print media, academic researchers and others. He strongly believes in the transformative power of innovation and technology and spends the bulk of his time with budding entrepreneurs around the world through Hornfels Group Pvt. Ltd. that he co-founded in 2018. 

Mr. Baral has an academic background in Electronics and Communication Engineering from Maulana Azad National Institute of Technology (India) and Environmental Management from the University of Oxford (England). At Oxford, he was Sir Walter Raleigh Scholar and Boardman Scholar. He has passed Level II examination of the Chartered Financial Analyst (CFA)® Program. He is fluent in Hindi, Nepali, and English, and has working proficiency in Bengali and Urdu.

A 2009 United Nations Volunteer (UNV) Awardee (the first Nepali in history), Mr. Baral is passionate about educating underprivileged children, particularly minority girls. He is an avid runner & adventure traveler, loves bouldering & road cycling and enjoys putting the time in at the gym.

Biography

Publications

A select list of Mr. Baral's publications is provided below. These cover topical issues in infrastructure and development finance, international trade, energy, and climate change. His work has been cited by the likes of G7 Members, sitting Deputy Prime Minister, Ministers and Senators, senior management at Central Banks, popular print media, academic researchers, think tanks and others.

Nov, 2022  |   Egyptian Ministry of International Cooperation (MOIC), Cairo [Co-author]

Sharm El Sheikh Guidebook for Just Financing
Sharm El Sheikh Guidebook for Just Financing
Sharm El Sheikh Guidebook for Just Financing

The Guidebook raises the critical question of what stakeholders need to do to translate commitments into implementable projects while capturing opportunities to leverage and catalyze needed finance and investments for climate action.
Read More

Sep, 2022  |   Central Bank of Paraguay [Co-author]

The Evolution of Sustainable Finance and the Role of Central Banks
The Evolution of Sustainable Finance and the Role of Central Banks
The Evolution of Sustainable Finance and the Role of Central Banks

In recent years, an increasing number of central banks, financial supervisors, and financial regulators have started to examine and provide guidance on how the rules governing financial system stability, prudential risk management, financial conduct, market creation, and monetary policy should integrate climate and broader environmental considerations. In parallel, there is also growing investigation from central banks on the potential incorporation of ESG considerations in the reserve management process.
Read More

Jul, 2022  |   World Bank Treasury, Washington, D.C. [Lead Author]

Colombia: The First Sovereign Green Bond in Local Currency in Latin America
Colombia: The First Sovereign Green Bond in Local Currency in Latin America
Colombia The First Sovereign Green Bond in Local Currency in Latin America

In 2021, Colombia issued its first sovereign green bonds, becoming the first emerging-market economy to place these securities through local auctions in local currency and to adopt the German green twin bonds approach in the domestic market. This case study intends to capture lessons learned and provide other developing countries with a broad understanding of what they need to consider in designing and issuing such financial instruments. 
Read More

Mar, 2022  |   Network of Central Banks and Supervisors for Greening the Financial System (NGFS), Paris and INSPIRE, London [Contributor]

Central banking and supervision in the biosphere: an agenda for action on biodiversity loss, financial risk and system stability
Central banking and supervision in the biosphere: an agenda for action on biodiversity loss, financial risk and system stability
Central banking and supervision in the biosphere: an agenda for action on biodiversity loss, financial risk and system stability

This report is the culmination of almost a year's hard work of over over 100 experts including those from 25 NGFS members and observers. It finds: (1) Economic activity and financial assets are dependent upon the ecosystem services provided by biodiversity and environmental processes. In turn, economic activity and financial assets have impacts on biodiversity and could therefore face risks from the transition to a nature-positive global economy. (2) Biodiversity loss and climatechange are inextricably linked and physical and transition risks can be transmitted through various channels (impacting households, firms and sovereigns alike), translating into various forms of financial risks such as credit, market, liquidity and operational risks. (3) Biodiversity loss could have significant macroeconomic implications and failure to account for, mitigate, and adapt to these implications is a source of risks relevant for financial stability. In consequence, addressing biodiversity-related financial risks falls within the mandates of central banks and financial supervisors.
Read More

Nov, 2021  |   UNDP, New York [Author]

SIF Scoping Study: Nature-related Risks in the Global Insurance Sector
SIF Scoping Study: Nature-related Risks in the Global Insurance Sector
SIF Scoping Study: Nature-related Risks in the Global Insurance Sector

The UNDP Sustainable Insurance Forum (SIF) has published the ‘SIF Scoping Study: Nature-related Risks in the Global Insurance Sector’. This study marks a pioneering effort to explore and understand the global insurance sector’s dependence on nature, what nature-related risks could be, and whether and how nature-related risks are financially material to the sector’s underwriting and investing business.  
Read More

Oct, 2021  |   Network of Central Banks and Supervisors for Greening the Financial System (NGFS), Paris and INSPIRE, London [Contributor]

Biodiversity and financial stability:  building the case for action
Biodiversity and financial stability: building the case for action
Biodiversity and financial stability: building the case for action

The Network for Greening the Financial System (NGFS) and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) have established a joint Study Group on Biodiversity and Financial Stability, with the aim to understand the potential implications of biodiversity loss for financial stability.
Read More

Jul, 2021  |   The World Bank, Washington, D.C. [Lead Author]

From the Ground Up: A Decade of Lessons  on Carbon Pricing
From the Ground Up: A Decade of Lessons on Carbon Pricing
From the Ground Up: A Decade of Lessons on Carbon Pricing

As the Partnership for Market Readiness (PMR), the World Bank’s flagship technical assistance program to promote carbon pricing and markets, winded down in June 2021 and its successor - the partnership for market implementation (PMI) - has become operational, the report draws lessons from the PMR’s decade-long country, technical work, and policy analysis work programs. These lessons are expected to provide practical insights for other developing countries planning to design and implement carbon pricing initiatives
Read More

Jun, 2021  |   Network of Central Banks and Supervisors for Greening the Financial System (NGFS), Paris and INSPIRE, London [Contributor]

Biodiversity and financial stability:  exploring the case for action
Biodiversity and financial stability: exploring the case for action
Biodiversity and financial stability: exploring the case for action

The Network for Greening the Financial System (NGFS) and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) have established a joint Study Group on Biodiversity and Financial Stability, with the aim to understand the potential implications of biodiversity loss for financial stability.
Read More

Mar, 2021  |   Network of Central Banks and Supervisors for Greening the Financial System (NGFS), Paris [Contributor]

Dashboard on scaling up green finance
Dashboard on scaling up green finance
Dashboard on scaling up green finance

The NGFS sub group WS3 approached the task of measuring progress in green finance using a dashboard based on a set of ideal indicators that make it possible to track and understand the greening of national financial systems. This publication consists of two groups of indicators: one group for which data are readily available, the dashboard; and a second group of indicators that are considered desirable but for which data are not yet available, the data gaps.
Read More

Mar, 2021  |   Network of Central Banks and Supervisors for Greening the Financial System (NGFS), Paris [Contributor]

Sustainable Finance  Market Dynamics:  an overview
Sustainable Finance Market Dynamics: an overview
Sustainable Finance Market Dynamics: an overview

This brief report presents an overview of the market dynamics for mobilizing sustainable finance. It identifies three main channels through which financial markets can help steer the necessary transformation of the real economy towards higher levels of sustainability: disclosure, risk management, and the mobilization of capital. The report also provides examples of policies, regulations, and guidance addressed to market participants on these three topics. Lastly, it contains a set of key takeaways for further consideration by policymakers and market participants alike.
Read More

Apr, 2020  |   The World Bank, Washington, D.C. [Co-author]

DIRTY STACKS, HIGH STAKES: An Overview of Brick Sector in South Asia
DIRTY STACKS, HIGH STAKES: An Overview of Brick Sector in South Asia
DIRTY STACKS, HIGH STAKES: An Overview of Brick Sector in South Asia

The report provides a comprehensive overview of brick sector in South Asia, and offers an analytical discussion on the sector's technological, institutional and regional particularities. 
Read More

Feb, 2020  |   UNEP and Banco de México, Mexico City [Contributing Author]

Climate & Environmental Risks and Opportunities in Mexico's Financial System: From Diagnosis to Action
Climate & Environmental Risks and Opportunities in Mexico's Financial System: From Diagnosis to Action
Climate & Environmental Risks and Opportunities in Mexico's Financial System: From Diagnosis to Action

This study is a first in-depth diagnosis of the current degree of readiness of Mexican financial institutions to assess climate, environmental, and social risks. The results are based on a survey conducted on the senior management of over 60 institutions and consider nearly 90% of the credit portfolio of the banking system, 80% of the assets reported by fund managers to Mexico’s National Securities and Banking Commission (CNBV), 90% of the assets managed by the Retirement Funds Administrators (AFORES), and 44% of the assets reported by insurance companies.
Read More

Mar, 2019  |   Asian Development Bank Institute/Springer, Singapore [Co-author]

Use of Innovative Public Policy Instruments to Establish and Enhance the Linkage between Green Technology and Finance
Use of Innovative Public Policy Instruments to Establish and Enhance the Linkage between Green Technology and Finance
Use of Innovative Public Policy Instruments to Establish and Enhance the Linkage between Green Technology and Finance

The paper introduces three national green technology financing schemes, one each in Malaysia, the Netherlands, and the Republic of Korea, discusses innovative aspects of these schemes and makes policy recommendations specific to developing countries for attracting private finance to green technologies.
Read More

Jan, 2019  |   Atlantic Council, Washington, D.C. [Lead Author]

Does Money Grow on Trees? Restoration Financing in Southeast Asia
Does Money Grow on Trees? Restoration Financing in Southeast Asia
Does Money Grow on Trees? Restoration Financing in Southeast Asia

The report provides a compelling analysis of the current state of tropical deforestation in Southeast Asia, including its drivers, extant efforts to mitigate it, barriers to effective reforestation finance, and possible new policy and market tools that could finally tip economic incentives towards reforestation rather than deforestation.
Read More

Dec, 2018  |   UNEP Inquiry, Geneva. [Co-author]

Capitalizing Sustainable Finance in Argentina
Capitalizing Sustainable Finance in Argentina
Capitalizing Sustainable Finance in Argentina

The report provides a comprehensive analysis of sustainable investment opportunities in Argentina, assesses the characteristics of those opportunities, estimates current flows of sustainable finance in the country, and presents current barriers to scaling up sustainable finance and possible ways to address those barriers.
Read More

Dec, 2018  |   UNEP Inquiry, Geneva [Contributing Author]

Nigerian Sustainable Finance Roadmap
Nigerian Sustainable Finance Roadmap
Nigerian Sustainable Finance Roadmap

This report provides an analysis of sustainable finance opportunities in Nigeria out to 2030, assesses the characteristics of these opportunities, and estimates current sustainable finance flows.
Read More

May, 2018  |   World Energy Council, London. [Co-author]

Emerging Opportunities Confronting Climate Change
Emerging Opportunities Confronting Climate Change
Emerging Opportunities Confronting Climate Change


Read More

Mar, 2018  |   C40 Cities Finance Facility, London. [Co-author]

Cycling Infrastructure in Cities: Bogotá’s Quinto Centenario Cycle Avenue. CREATING THE ENABLING ENVIRONMENT
Cycling Infrastructure in Cities: Bogotá’s Quinto Centenario Cycle Avenue. CREATING THE ENABLING ENVIRONMENT
Cycling Infrastructure in Cities: Bogotá’s Quinto Centenario Cycle Avenue. CREATING THE ENABLING ENVIRONMENT

The report is made up of 4 sections. Section 1 explains what cycling infrastructure is, its financing challenges, and its benefits. Section 2 outlines the context of Bogotá, its Plan Bici strategy, and its ambitions for the future. Section 3, the bulk of the report, covers how the CFF’s assistance has so far helped Bogotá in developing the Quinto Centenario project, including by supporting the development of a governance system, scoping the mobilisation of potential financing sources, engaging key local stakeholders such as cycling groups and businesses, and creating a detailed workplan for the Quinto Centenario project. Section 4 provides initial lessons learnt for other cities wishing to replicate what Bogotá has done.
Read More

Nov, 2017  |   DBS Bank, Singapore/UNEP Inquiry, Geneva. [Lead Author]

Green Finance Opportunities in ASEAN.
Green Finance Opportunities in ASEAN.
Green Finance Opportunities in ASEAN.

This report provides an analysis of green investment opportunities in ASEAN region from 2016 to 2030, assesses the characteristics of those opportunities, and estimates current green finance flows. It is the first quantification of the green finance opportunities across the region.
Read More

Oct, 2017  |   Global Environment Facility, Independent Evaluation Office, Washington, D.C. [Co-author]

Evaluation of GEF Engagement with the Private Sector.
Evaluation of GEF Engagement with the Private Sector.
Evaluation of GEF Engagement with the Private Sector.

The purpose of this study is to assess the Global Environment Facility’s (GEF’s) private sector engagement activities and provide insights and lessons leading to recommendations to strengthen the GEF’s collaboration with the private sector in GEF-7. The study takes a mixed-methods approach with evidence from private sector engagement portfolio analysis, terminal evaluations of completed projects, a demand-side survey with select private sector entities, benchmarking with comparator environmental finance providers, and interviews conducted with private sector and GEF stakeholders as well as desktop research.
Read More

Nov, 2016  |   Prakriti Resources Center, Kathmandu. [Lead Author]

Accessing the Green Climate Fund - A Primer for Climate Finance Stakeholders of Nepal.
Accessing the Green Climate Fund - A Primer for Climate Finance Stakeholders of Nepal.
Accessing the Green Climate Fund - A Primer for Climate Finance Stakeholders of Nepal.

This brief has shed light on Green Climate Fund (GCF), one of the multilateral financial entities that was established at the Conference of the Parties (COP) 16 by 194 governments. The brief has been tailored to Nepali context, but can be referred to by any country that is interested in accessing GCF financing.
Read More

Oct, 2016  |   The World Energy Council, London. [Contributing Author]

The World Energy Resources 2016.
The World Energy Resources 2016.
The World Energy Resources 2016.

The World Energy Resources have been produced by the World Energy Council for over 80 years. The details and analysis provide a unique data set that allows governments, private sector and academia to better understand the reality of the energy sector and the resource developments.
Read More

Oct, 2016  |   The World Bank, Washington, D.C. [Co-author, Country Analyses]

A comprehensive analysis and synthesis of 160+ (Intended) Nationally Determined Contributions (I) NDCs.
A comprehensive analysis and synthesis of 160+ (Intended) Nationally Determined Contributions (I) NDCs.
A comprehensive analysis and synthesis of 160+ (Intended) Nationally Determined Contributions (I) NDCs.

Based on a comprehensive mapping exercise, the World Bank Group has developed a useful set of tools that include a detailed adaptation/mitigation database, a content visualization tool, and summary country briefs. In December 2021, World Bank NDC Platform merged with Climate Watch.
Read More

Apr, 2016  |   Global Environmental Change, Elsevier. [Co-author]

Emerging Meta-Organizations and Adaptation to Global Climate Change: Evidence from implementing adaptation in Nepal, Pakistan and Ghana.
Emerging Meta-Organizations and Adaptation to Global Climate Change: Evidence from implementing adaptation in Nepal, Pakistan and Ghana.
Emerging Meta-Organizations and Adaptation to Global Climate Change: Evidence from implementing adaptation in Nepal, Pakistan and Ghana.

The paper discusses how organisational structures impact adaptation to climate change, and analyses six attributes of meta-organisational structures for Nepal, Pakistan and Ghana.
Read More

Sep, 2015  |   Cambridge University Press, Cambridge. [Co-author]

Energy Related Rules in Accession Protocols –Where are they?
Energy Related Rules in Accession Protocols –Where are they?
Energy Related Rules in Accession Protocols –Where are they?

This chapter identifies five key themes relating to energy in the WTO Accession Protocols of the Article XII members and explains the rationale of how these topics relate to trade in energy based on the existing WTO rules.
Read More

Nov, 2014  |   The World Resources Institute (WRI), Washington, D.C. [Co-author]

Options for Adaptation and Loss & Damage in a 2015 Climate Agreement.
Options for Adaptation and Loss & Damage in a 2015 Climate Agreement.
Options for Adaptation and Loss & Damage in a 2015 Climate Agreement.

This working paper explores some of the key issues relating to adaptation and Loss and Damage (L&D) and outlines options for addressing them in the 2015 agreement.
Read More

Sep, 2014  |   CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS), Copenhagen. [Co-author]

Deconstructing Local Adaptation Plans for Action (LAPAs) - Analysis of Nepal and Pakistan LAPA initiatives.
Deconstructing Local Adaptation Plans for Action (LAPAs) - Analysis of Nepal and Pakistan LAPA initiatives.
Deconstructing Local Adaptation Plans for Action (LAPAs) - Analysis of Nepal and Pakistan LAPA initiatives.

This paper analyses the organizational and implementation design strategies of two ongoing Local Adaptation Plan for Action (LAPA) initiatives in Nepal and Pakistan.
Read More

Apr, 2014  |   Oxfam, Kathmandu. [Lead Author]

Finding the Money - A Stock Taking of Climate Change Adaptation Finance and Governance in Nepal.
Finding the Money - A Stock Taking of Climate Change Adaptation Finance and Governance in Nepal.
Finding the Money - A Stock Taking of Climate Change Adaptation Finance and Governance in Nepal.

This report is developed under a multi-country initiative, ‘Adaptation Finance Accountability Initiative (AFAI)', by Oxfam in collaboration with the Overseas Development Institute (ODI), World Resources Institute (WRI) and Clean Energy Nepal (CEN). This study takes stock of climate change adaptation/resilience projects and programs funded by international public finance in Nepal.
Read More

Services

Mr. Baral, an engineer by training and a development finance expert by practice, brings a unique interdisciplinary approach in his service delivery. Mr. Baral offers services that are tailored to individual clients. The services delivered to private clients are kept strictly confidential.

Sustainable Finance
Sustainable Finance
Sustainable Finance

Sustainable Finance | Green Finance | Green Bonds | Green Loans | Carbon Finance | Conservation Finance | Development Finance | Innovative Climate Finance Instruments | Impact Investing in Emerging & Frontier Markets | Socially Responsible Investing (SRI) | ESG Investing | Triple Bottom Line Investing (TBLI) 

Technology Transfer & Commercialization
Technology Transfer & Commercialization
Technology Transfer & Commercialization

Base of the Pyramid (BoP) Technologies | Technology Appraisal | Technology Grading | Technology Transfer Brokerage | Technology Intelligence | Technology Development | Technology based Credit Guarantee | Clean Technology

Technology Innovation
Technology Innovation
Technology Innovation

Base of the Pyramid (BoP) Innovation and Business Models | Cleantech

Climate Change
Climate Change
Climate Change

Climate Finance | Resilience Finance | Climate Adaptation | Climate Resilience| Climate Mitigation | Low Carbon Development | Climate Smart Development | Climate Risk | Carbon Pricing/Finance | Carbon Footprint | Carbon Market | UNFCCC | Green Climate Fund (GCF) | NAMA | NAP

Energy Policy
Energy Policy
Energy Policy

Renewable Energy | Energy Efficiency | Energy Resilience | Trade in Energy | RE Project Development

Sustainable Development
Sustainable Development
Sustainable Development

Sustainable Development Goals (SDGs) | Triple Bottom Line | Environmental, Social, and Governance (ESG) Criteria | Circular Economy | Cradle to Cradle Assessment

Public Private Partnerships
Public Private Partnerships
Public Private Partnerships

PPP Models | PPP Management | PPP Brokerage | Project Brokerage | Multi-Stakeholder Engagement

Monitoring & Evaluation
Monitoring & Evaluation
Monitoring & Evaluation

Cost Benefit Analysis | Cost Effectiveness Analysis | Participatory Appraisal | Theory of Change | Cloud-based Survey

Clients & Past Employers

Mr. Baral has worked with private firms, national governments, multilateral organizations, think tanks, academia, and non-profits in Asia, Africa, Europe, and North America, and has delivered excellent results. A select list is provided below. Private clients have been excluded from the list.

International Finance Corporation (IFC)

Washington, D.C.

Climate Risk Assessment & Risk Mitigation

The World Bank Treasury

Washington, D.C.

Sustainable Finance Advisory

The World Intellectual Property Organization (WIPO)

Geneva

Technology Due Diligence| Technology Transfer| Clean Technology | Public-Private Partnership

Korea Technology Finance Corporation (KOTEC/KIBO)

Seoul; Busan

Climate Technology | Climate Finance | Technology Appraisal (Rating & Valuation) | Technology Commercialization & Transfer | Public-Private Partnership | Business Development

Energy Foundation China

San Francisco/Beijing

Coal-Free Action Initiative | EV Battery 

Tambourine Innovation Ventures (TIV)

Virginia

Business Development | Business Intelligence

 

(USAID; IDB; EBRD; ADB; NIH, US Department of Health and Human Services; US Small Business Administration)

The World Bank

Washington, D.C.

Carbon Pricing | Resilience Financing | Results-Based Financing | Disaster Risk Financing | Climate (Co) Benefit/Climate Finance | Energy Policy | Climate Change | Technology | Air Pollution |  CPF/PLR

DBS Bank

Singapore

Green Finance 

UN Environment Inquiry into the Design of a Sustainable Financial System

Geneva/New York

Sustainable Financial System | G20 Sustainable Finance Study | Sustainable Finance Country Roadmaps | Sustainable Finance Diagnostic Toolkit | Network for Greening the Financial System (NGFS)

The World Trade Organization (WTO)

Geneva

Trade Policy | Trade in Energy | WTO Accession

Global Environment Facility (GEF) | Independent Evaluation Office (IEO)

Washington, D.C.

GEF Private Sector Engagement

Climate-KIC

London

Innovation in Climate Adaptation & Resilience

C40 Cities Finance Facility

London

Sustainable Transport

The International Renewable Energy Agency (IRENA)

Abu Dhabi

RE Project Development

United Nations Development Programme (UNDP)

New York

Environmental Risks & Insurance | Sustainable Finance | G20 Agenda |NDC Implementation

The World Wide Fund for Nature (WWF)

Kathmandu

Climate Adaptation | Food Security | Outreach | Communication

Oxfam

Kathmandu

Climate Finance

The Global Green Growth Institute (GGGI)

Oxford; London

Green Growth Planning Process

University of Reading/The World Resources Institute (WRI)

Reading, UK; Washington, D.C.

Climate Change Agreement | Climate Change Adaptation| Loss & Damage

CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS)

Copenhagen; Oxford

Climate Change Adaptation | Partnership Strategy

Testimonials

There are ample reasons that people enjoy working with Mr. Baral. Learn from the testimonials below what some of his previous colleagues have to say about him.

Kang Rak Kyu

KOTEC supports global action on climate change both domestically and internationally through climate technology financing. Prajwal advised KOTEC's climate finance team on various bespoke solutions and facilitated international partnerships to deliver those solutions. The employees at KOTEC were very much encouraged by his energy and dynamic personality. He is certainly a terrific consultant, and I strongly recommend him.

Kang Rak Kyu
Former Acting President and Former Executive Vice President, Korea Technology Finance Corporation (KOTEC/KIBO), Busan/Seoul, Republic of Korea
Mikkel Larsen

I was very pleased with Prajwal's strong analytical skills, subject matter expertise, attention to details and strong commitment to deadline. I especially appreciated his willingness to challenge positions taken in a courteous and professional manner. I highly recommend him and look forward to working with him again in the future.

Mikkel Larsen
Chief Sustainability Officer and Managing Director, DBS Bank, Singapore
Late Ambassador (Dr.) Chiedu Osakwe

Praj is a highly focused, driven, reliable and top notch consultant. I was very impressed with his ability to deliver high quality output under tight deadlines when he worked for me in the Accessions Division at the World Trade Organization (WTO), Geneva. Praj has earned both my trust and respect for the style and substance of his work, and I would recommend him to anyone looking for professional advisory and consulting services in climate/energy/trade nexus.

Late Ambassador (Dr.) Chiedu Osakwe
Former Trade Advisor to Honourable Minister and Chief Negotiator, Federal Ministry of Industry, Trade and Investment, Nigeria; Former Director of the Accessions Division, WTO
Andrew Eil

Prajwal is the consummate professional: talented, courteous, diligent, discreet, and reliable. He has a wide range of skills and topical interests in the policy and technology space, and his intellectual curiosity and professionalism drive him to continually master new topics. Having worked with him for several months on high-intensity projects for the World Bank and the GEF, I can confidently say that I would entrust him with any important consulting project I can think of. He is also a delight to work with. I have no doubt his consulting practice will thrive.

Andrew Eil
Partner, Climate Finance Advisors BLLC, Washington, D.C.
Late Ambassador (Dr.) Konji Sebati

I have known Prajwal for several years now. We first worked together when I was the director of the World Intellectual Property Organization (WIPO)’s Department of Traditional Knowledge & Global Challenges. From his Day 1 at the office, he brought in a breath of fresh young intellect - a very wise and witty mind that always had a new way of looking at things. Prajwal, in my opinion, is the new breed of intellectuals and progressive thinkers and doers that can lead the world out of impending climate change disaster. Let us support, promote, encourage and nurture the likes of Prajwal for a better world.

Late Ambassador (Dr.) Konji Sebati
CEO, Innovative Pharmaceutical Association of South Africa (IPASA), Johannesburg | Former South African Ambassador to France, Switzerland, The Vatican and Liechtenstein, UNESCO and the OECD
Dr. Ariella Helfgott

I have known Prajwal for several years now, and I have been especially taken by his strong work ethic, collaborative spirit, demonstrated self-motivation and the ability to work independently. His primary research skills are excellent, in both field techniques and desk-based analyses. His capability to understand and synthesize content from across a range of disciplinary backgrounds, and translate this content across different sectors and social worlds in practice is impressive. Prajwal is an incredible human being, dedicated to changing the world for the better. I would not hesitate to collaborate with him again, and in fact have tried a number of times since he completed his Masters from the University of Oxford.

Dr. Ariella Helfgott
Honorary Research Fellow, University of Oxford; Common Good Program Lead, Shell International B.V.
Kirsty Wilson

I worked with Prajwal on a literature review of green growth in Africa for the Global Green Growth Institute. Prajwal was responsible for identifying good practice examples from Southern Africa. He was efficient and enthusiastic in completing the work to an excellent standard. I would not hesitate to recommend him!

Kirsty Wilson
Managing Consultant, LTS International, UK
Dr. Chase Sova

It is always a great pleasure collaborating with Prajwal. His work is of the highest standard, matched only by his energy and commitment to cause. I cannot recommend him enough!

Dr. Chase Sova
Senior Director of Public Policy & Research, World Food Program USA
Prashant Singh

‘Dispassionately passionate’ is how I would characterize Prajwal. Dispassionately, as in, Prajwal can work without prejudice on ANY assignment. Passionate because he would go any distance to complete the job, giving it his best of efforts. I’ve seen this in him since his Pre-Oxford days when he used to work for me. His Oxford stint has made him much more thorough in understanding issues, while at the same time, putting him, qualitatively, in a much higher skill genre.

Prashant Singh
Founder and Chairperson, Himalayan Climate Initiative | Head Of Communications, Naya Shakti Party - Nepal's Progressive Alternative
Dr. Abrar S. Chaudhury

I have worked with Prajwal over the years on University of Oxford led climate research projects and publications. He is a solution oriented, enthusiastic and knowledgable problem solver. I have thoroughly enjoyed our collaborations and look forward to our future endeavours.

Dr. Abrar S. Chaudhury
Research Fellow, Said Business School, University of Oxford | Research Fellow, The British Academy

Press

Mr. Baral delivers a training on various technical components of project financing, Mauritius, 2022
Mr. Baral delivers a training on various technical components of project financing, Mauritius, 2022
Mr. Baral delivers a training on various technical components of project financing, Mauritius, 2022

The workshop, organized by International Renewable Energy Agency (IRENA) and hosted by Mauritius, was intended to enhance the capacities of local players in AIS SIDS in structuring renewable energy project financing deals. The first two days of the workshop consisted of interactive theoretical training, while the third day had practical aspects including simulations and a case study. Read More

Mr. Baral moderates a session on building robust carbon markets at Asia-Pacific Financial Forum 2021 China Conference
Mr. Baral moderates a session on building robust carbon markets at Asia-Pacific Financial Forum 2021 China Conference
Mr. Baral moderates a session on building robust carbon markets at Asia-Pacific Financial Forum 2021 China Conference

Co-Organized By - China Chamber of International Commerce; Asia-Pacific Financial Forum; Chinese Academy of Fiscal Sciences; Society of Public Finance of China Read More

Mr. Baral speaks at Climate Finance Finance Week Ireland, 2021
Mr. Baral speaks at Climate Finance Finance Week Ireland, 2021
Mr. Baral speaks at Climate Finance Finance Week Ireland, 2021

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Mr. Baral speaks at Guernsey Green Finance's annual Sustainable Finance Week, 2021
Mr. Baral speaks at Guernsey Green Finance's annual Sustainable Finance Week, 2021
Mr. Baral speaks at Guernsey Green Finance's annual Sustainable Finance Week, 2021

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CGTN America invites Mr. Baral to discuss China's net zero carbon emissions goal, Washington, D.C., 2021
CGTN America invites Mr. Baral to discuss China's net zero carbon emissions goal, Washington, D.C., 2021
CGTN America invites Mr. Baral to discuss China's net zero carbon emissions goal, Washington, D.C., 2021

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Nagarik, a Nepali language daily newspaper, cites Mr. Baral, 2020
Nagarik, a Nepali language daily newspaper, cites Mr. Baral, 2020
Nagarik, a Nepali language daily newspaper, cites Mr. Baral, 2020

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New Spotlight, a Nepali fortnightly magazine, cites Mr. Baral, 2020
New Spotlight, a Nepali fortnightly magazine, cites Mr. Baral, 2020
New Spotlight, a Nepali fortnightly magazine, cites Mr. Baral, 2020

"In the interim, transition plans are necessary for a sustained progress and to avoid unnecessary dislocation within the industry," said Mr. Baral. Read More

Republica, popular for exposing wrongdoing of numerous INGOs and NGOs, cites Mr. Baral, 2020
Republica, popular for exposing wrongdoing of numerous INGOs and NGOs, cites Mr. Baral, 2020
Republica, popular for exposing wrongdoing of numerous INGOs and NGOs, cites Mr. Baral, 2020

“Despite devastating impacts of brick sector related pollution, Nepal has less than one per cent market penetration of advanced and efficient technologies”, Mr. Baral said. Read More

The Kathmandu Post, one of the largest English-language newspapers in the country, cites Mr. Baral, 2020
The Kathmandu Post, one of the largest English-language newspapers in the country, cites Mr. Baral, 2020
The Kathmandu Post, one of the largest English-language newspapers in the country, cites Mr. Baral, 2020

“With the favourable policy and regulatory reforms in place, Nepal could leapfrog from traditional brick kiln technologies to modern and alternate building materials in a very short span of time”, said Mr. Baral. Read More

China Global Television Network (CGTN) cites Mr. Baral, 2019
China Global Television Network (CGTN) cites Mr. Baral, 2019
China Global Television Network (CGTN) cites Mr. Baral, 2019

"On carbon market, there is disagreement on designing a mechanism to avoid double counting of emissions and transfer of clean development mechanism credit to the new system," said Prajwal Baral, an international expert on sustainable finance and clean technology. Read More

CGTN America invites Mr. Baral to a one-on-one interview at its studio in Washington, D.C., 2019
CGTN America invites Mr. Baral to a one-on-one interview at its studio in Washington, D.C., 2019
CGTN America invites Mr. Baral to a one-on-one interview at its studio in Washington, D.C., 2019

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Sri Lanka's leading economic and financial news service EconomyNext cites Mr. Baral, 2019
Sri Lanka's leading economic and financial news service EconomyNext cites Mr. Baral, 2019
World Bank’s Climate and Energy Specialist Prajwal Baral and Carbon Finance specialist Keisuke Iyadomi in an official blog post said that Sri Lanka has only now managed to ‘catch the low carbon development train’.

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Mr. Baral spoke at the 3rd Climate Forum on
Mr. Baral spoke at the 3rd Climate Forum on "Innovation in Green Finance", Moscow, 2019
Mr. Baral spoke at the 3rd Climate Forum on "Innovation in Green Finance", Moscow, 2019

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China Global Television Network (CGTN) cites Mr. Baral, 2019
China Global Television Network (CGTN) cites Mr. Baral, 2019
China Global Television Network (CGTN) cites Mr. Baral, 2019

“It's easy to conclude that monoculture plantation such as palm oil has a much higher profit. However, the financial sector is unable to put a cost to unseen benefits of sustainable forestry,” Prajwal Baral, lead author of the study told CGTN. Read More

Mr. Baral addressing CAREC government representatives, Baku, 2018
Mr. Baral addressing CAREC government representatives, Baku, 2018
Mr. Baral discusses the role and importance of innovative public policy instruments in establishing and enhancing the linkage between green technology and finance, 2018. @Baku, Azerbaijan.

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Mr. Baral delivers a lecture on philosophical underpinnings for a stable climate system, Busan, 2017
Mr. Baral delivers a lecture on philosophical underpinnings for a stable climate system, Busan, 2017
Mr. Baral delivers a lecture on philosophical underpinnings for a stable climate system, 2017. Gijang, South Korea @Busan Empathy Art Culture Network

Mr. Baral interviewed by KIBO, South Korea, 2017
Mr. Baral interviewed by KIBO, South Korea, 2017
Mr. Baral interviewed by KIBO, South Korea, 2017 ©KIBO

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Mr. Baral - the World Energy Council's Expert Committee Member for the 23rd World Energy Congress, 2016
Mr. Baral - the World Energy Council's Expert Committee Member for the 23rd World Energy Congress, 2016
Mr. Baral - the World Energy Council's Expert Committee Member for the 23rd World Energy Congress, 2016

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Mr. Baral interviewed by China Daily, 2015
Mr. Baral interviewed by China Daily, 2015
Mr. Baral interviewed by China Daily, 2015 © China Daily

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Mr. Baral discusses climate change with the then Prime Minister of Nepal, 2012
Mr. Baral discusses climate change with the then Prime Minister of Nepal, 2012
Mr. Baral discusses climate change with the former Prime Minister of Nepal, 2012 © CCAFS

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Mr. Baral facilitates Earth Champions Program in Dhaka, Bangladesh, 2011
Mr. Baral facilitates Earth Champions Program in Dhaka, Bangladesh, 2011
Mr. Baral mentored 28 high school students from different regions of Bangladesh to build their capacity on various aspects of environmental sustainability.

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Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010

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Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010

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Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010
Mr. Baral featured by an Indian Hindi-language daily newspaper, Dainik Bhaskar, 2010

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An English-language daily of Nepal, The Kathmandu Post, mentions Mr. Baral, 2010
An English-language daily of Nepal, The Kathmandu Post, mentions Mr. Baral, 2010
An English-language daily of Nepal, The Kathmandu Post, mentions Mr. Baral, 2010

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The Jana Aastha National Weekly, a weekly tabloid published in Nepal, features Mr. Baral, 2009
The Jana Aastha National Weekly, a weekly tabloid published in Nepal, features Mr. Baral, 2009
The Jana Aastha National Weekly, a weekly tabloid published in Nepal, features Mr. Baral, 2009

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Mr. Baral featured by an Indian English-language daily newspaper, Hindustan Times, 2009
Mr. Baral featured by an Indian English-language daily newspaper, Hindustan Times, 2009
Mr. Baral featured by an Indian English-language daily newspaper, Hindustan Times, 2009

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Mr. Baral honored with the United Nations (UN) Volunteers Award, 2009
Mr. Baral honored with the United Nations (UN) Volunteers Award, 2009
Mr. Baral honored with the United Nations (UN) Volunteers Award, 2009

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The oldest national daily newspaper of Nepal, Gorkhapatra, mentions Mr. Baral, 2009
The oldest national daily newspaper of Nepal, Gorkhapatra, mentions Mr. Baral, 2009
The oldest national daily newspaper of Nepal, Gorkhapatra, mentions Mr. Baral, 2009

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The national English-language daily newspaper of Nepal, The Rising Nepal, mentions Mr. Baral, 2009
The national English-language daily newspaper of Nepal, The Rising Nepal, mentions Mr. Baral, 2009
The English-language daily newspaper of Nepal, The Rising Nepal, mentions Mr. Baral, 2009

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Professional Affiliation

Mr. Baral offers advisory services to several institutions of international repute. With these affiliations, Mr. Baral ensures his clients access to a larger pool of relevant services.

Mr. Baral is a Member of the Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability. The International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) is an independent research network built to support the central banks and supervisors of the Network for Greening the Financial System (NGFS) in their work to manage climate risk and mobilize finance to support the transition to a sustainable economy.

Mr. Baral was a national lead for Russia for the 2019 Climate Launchpad. A select few startups were sent to the grand finale in Amsterdam. 

Mr. Baral was a reviewer of the papers submitted to the Journal - Asian Development Perspectives (ADP), Institute for Poverty Alleviation and International Development, Yonsei University, South Korea.

Mr. Baral represented Korea Technology Finance Corporation (KOTEC), nominated by the Korean Ministry of Strategy and Finance (MoSF), as an Observer to the Green Climate Fund (GCF)'s 16th and 17th Meetings of the Board. 

Mr. Baral represented Korea Technology Finance Corporation (KOTEC) in the Advisory Board of the World Intellectual Property Organization (WIPO)'s marketplace for sustainable technologies - WIPO GREEN.

Mr. Baral served on the Council's Future Energy Leaders' Task Force on Climate Change and advised the Task Force on energy issues pertinent to global climate change discourse.

Mr. Baral advised ACTS on Climate Resilient Economy and Low Carbon Development in Africa, alongside Hon. Dr. Wilbur Ottichillo (Member of Parliament for Emuhaya Constituency, Kenya and the sponsor of the original Climate Change Bill in Kenya) and Dr. Alice Akinyi Kaudia (Environment Secretary at the Ministry of Environment, Water and Natural Resources, Kenya).

Contact

Mr. Baral believes that partnership is the new leadership. Please feel free to get in touch with him.

Name : Prajwal Baral
Address : Washington, D.C.
Email : praj@prajwalbaral.com
Skype : prajwal2011