01Listen locally.
Start with the people, the landscape and the priorities that make a project worth pursuing.
Nepal Treasure Carbon · Who we areRooted in Nepal.
Rooted in Nepal.
Built for lasting change.
Connecting Nepal’s natural wealth with climate finance—and the people at the heart of it.
Discover our story01 / The reason we are hereClimate finance.
Climate finance.
Human purpose.
We develop carbon projects and the foundations that make them measurable, investable and trusted.
We work with communities, industry, government institutions and global partners to turn climate ambition into projects that create lasting opportunity.
Our purpose is to help Nepal protect its natural wealth, equip communities and industries to participate in carbon markets, and ensure that climate value remains in the country.
See our work in Nepal
02 / How we workA connected journey.
A connected journey.
From possibility to evidence.
National policy, local delivery and household participation have distinct roles. We connect the work without losing sight of the people.
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02Build with care.
Connect feasibility, rights, delivery planning and investment preparation.
03Make it measurable.
Document implementation, monitor outcomes and prepare for independent assurance.
04Connect the value.
Support eligible market access, appropriate finance and continuing local delivery.
03 / The people behind the purposeLocal conviction.
Local conviction.
Shared experience.
Meet the leadership connecting climate-market experience with partnerships and programme delivery in Nepal.
01Founder & Chairman
Nikesh Adhikari
Recognised as a pioneer of Nepal’s carbon industry, Nikesh contributed directly to drafting Nepal’s Carbon Trading Regulation, 2082 — the regulatory foundation on which the country’s carbon markets now operate. Under his leadership, Nepal Treasure Carbon became the first privately registered, government-approved carbon project in Nepal’s National Carbon Registry. He previously served in the Prime Minister’s Secretariat, forming part of the PM’s delegation to the United Nations General Assembly, and played a role in bringing UN Secretary-General António Guterres to Lumbini in 2023. He also organises the World Peace Program series in Lumbini, convening heads of state and UN ambassadors around peace and sustainable development.
02Samiksha Baral
DirectorStrategic direction, partnerships and stakeholder engagement, with a background spanning journalism, SI and international relations. Writes and speaks publicly on Nepal’s route to credible carbon-market participation.
03Lucas Dou
CEOMore than two decades in climate and carbon markets. Former Lead Climate Change Auditor at Bureau Veritas, with experience across more than 100 CDM, VCS and CCER projects internationally.
04Steven Fan
Deputy CEOFinance and project-development background, with experience across multiple countries in the wider Treasure Carbon network.
05Ramesh Subedi
Deputy CEOMember of Nepal Treasure Carbon’s executive leadership team, supporting programme delivery and coordination in Nepal.
Their work is supported by dedicated functions across the company: Human resources · Government liaison · Technical & MRV · Field operations · Accounts & finance.
04 / Our story so farLocal leadership.
Local leadership.
A longer perspective.
Established in December 2024, Nepal Treasure Carbon is part of a wider network with international carbon-market experience dating to 2014.
2014International roots
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The wider Treasure Carbon network begins developing carbon-market infrastructure internationally — project development, methodology design and policy consulting for governments, work that would later extend to Nepal.
2023Singapore Treasure Carbon Tech established
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Singapore Treasure Carbon Tech Ltd is established as the group’s international hub, launching a global carbon fund with a licensed partner the same year.
2023A global convening in Lumbini
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Nikesh Adhikari plays a role in bringing UN Secretary-General António Guterres to Lumbini — an early marker of the international convening work that would grow into the World Peace Program.
Dec 2024Nepal Treasure Carbon established
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Nepal Treasure Carbon Co., Ltd. is established, licensed by the Ministry of Forests and Environment and the Department of Industries.
2082 B.S.Shaping the regulation
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Nikesh Adhikari contributes directly to drafting Nepal’s Carbon Trading Regulation, 2082 (Bikram Sambat) — the regulatory foundation on which the country’s carbon markets now operate.
National firstFirst privately registered project
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Nepal Treasure Carbon becomes the first privately registered, government-approved carbon project in Nepal’s National Carbon Registry.
National consultationHundreds of stakeholders convened
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A national consultation brings together government, researchers and industry around the Community Carbon Efficient Cooking Programme.
1 Apr 2026Programme start: Lumbini VPA 01
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The Community Carbon Efficient Cooking Programme’s first activity begins under Gold Standard PoA GS23492 and VPA 01 GS23493.
Apr 2026Pilot distribution begins
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A first tranche of 500 improved cookstoves reaches households, reported the same month by Lokaantar as distribution began from Lumbini.
Jun 2026A public case for Nepal’s carbon future
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Director Samiksha Baral makes the public case for Nepal’s carbon-market opportunity in The Kathmandu Post.
Dec 2026 (planned)World Peace Program, 4th edition
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The next Lumbini convening is planned for 12–14 December 2026, continuing a series that has drawn more than 10,000 participants including heads of state and UN ambassadors.
A story shaped by local leadership and an international network.
05 / Connected beyond bordersLocal knowledge.
Local knowledge.
International capability.
The wider Treasure Carbon network reports 24 financial products and project-delivery capability across five continents. Its experience supports, but does not replace, project-specific evidence in Nepal.
Our presenceOne network.
One network.
Many perspectives.
Select a country to explore
Explore our network
Deep experience in China and international carbon markets
Carbon-market infrastructure delivered across China and international markets, with project experience spanning five continents.
Global digital service capability
A proven ability to support clients across multiple industries worldwide, from corporate carbon management to international carbon-market projects.
Strong expertise in international carbon rules
An in-depth, working understanding of UNFCCC mechanisms, Article 6 and evolving global carbon-market regulation.
UN and climate-finance expertise
A multidisciplinary team with experience in UN-related programmes and carbon-market mechanisms, including VCS and CDM.
Strategic investment in LCA infrastructure
As the largest shareholder in Tiangong LCA Data — a Tsinghua University-led, open Chinese carbon-footprint database used in 88 countries — the network brings advanced footprint data to international compliance and green trade.
Why this work mattersA shared future.
A shared future.
A real cost of waiting.
Nepal produces only around 0.1% of global greenhouse-gas emissions, yet its people face severe consequences from a changing climate.
Nepal’s NDC 3.0 sets out estimated quantified mitigation costs of US$73.74 billion to 2035, against US$62.92 billion in expected international finance and support, and a stated net-zero CO₂ ambition by 2045.
The wider climate context +
UN Secretary-General António Guterres has said the world has much to learn from Nepal’s climate leadership—communities restoring forests, electricity access expanded to 94% of the population by 2023, and international convenings hosted from Lumbini. Public investment and grants alone will not close the financing gap. Credible carbon markets are one tool that can contribute.
Peace, people and the planetShared purpose.
Shared purpose.
In Lumbini.
Alongside our climate work, Nikesh Adhikari organises the World Peace Program under the theme “World Peace through Inner Peace.” The profile reports more than 10,000 participants across its editions.
The fourth edition is planned in the profile for 12–14 December 2026. Contact the team for current participation details.
Explore the World Peace ProgramBehind the work,
people. Always.
Our aim is for climate value to reach the communities carrying the weight of a changing climate.
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