Nepal isn’t the only disaster-struck country waiting for money from the global climate Loss and Damage Fund
At least 119 countries have asked for aid from the fund set by major greenhouse gas emitting nations four years before the deadly Nepal flood. It has paid zero claims.
Glacier collapse triggered deadly flood in Nepal; country seeks compensation from global Loss and Damage Fund. The disaster in Trishuli town highlights mounting risks from climate change. Nepal Foreign Minister Shisir Khanal emphasized justice and liability as Nepal's carbon emissions are minimal. The $20 million request is a test of the fund's credibility, with most requests involving extreme events like floods.
About $250 million to $300 million has been pledged but delivered to the fund. Nepal estimates a need for $4-5 billion in recovery, which is a significant portion of its economy. The fund's board has yet to approve any funding requests, with upcoming meetings scheduled. Wealthy nations have pledged only about $820 million to the fund, but only a third has been disbursed.
Written by urgent.news from The Conversation's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
