Mountain enterprises in the Hindu Kush Himalaya (HKH) region are highly vulnerable to climate shocks. The development of resilient enterprises in the mountains is dependent on access to reliable, affordable, and sustainable energy. Furthermore, micro, small, and medium enterprises in the HKH do not have the requisite capacity to absorb, adapt, or transform their value proposition in response to external shocks such as climate change or pandemics. This working paper discusses the need for a climate-centred policy and regulatory environment, and access to finance, infrastructure and clean energy sources for enhancing the resilience of small and medium enterprises in the region.