Nepal is susceptible to multitudes of hazards and risk is further intensified by the impact of climate change. Over 80% of annual disaster induced losses of lives and properties are attributed to the extreme weather conditions. There is a growing consensus on the fact that the changing patterns of extreme weathers is the result of human interference in the climate system, as confirmed by the latest IPCC AR6 report1, The report presents a grim scenario indicating hostile nature of climate with more frequent, disastrous, and in unexpected forms. With the differential annual maximum average temperature rise the country, Nepal is experiencing the impacts of climate change at an alarming rate both slow onset impact as well as the rapid onset impacts of climate change. The slow onset impacts of climate change was introduced in the Cancun Agreement (COP16), refer to the risks and impacts associated with: increasing temperatures; desertification; loss of biodiversity; land and forest degradation; glacial retreat and related impacts; ocean acidification; sea level rise; and salinization. Nepal experiencing an uncertain precipitation pattern both at temporal and spatial scales and rising extreme isolated nature of precipitation events leading to heavy flash flood, inundation and flooding in the last 10 years. These extreme events have significant impacts on mountainous, rural, and rapidly urbanizing areas, exposing communities to multiple and compounding risks associated with hostile climate and weather conditions with slow and rapid onset leading to recurring loss and damage.