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loss-and-damage fund

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    Nepal's UN loss-and-damage claim covers fraction of flood costs●"Analysis: Nepal’s $20m ‘loss-and-damage’ claim only covers 0.7% of flood costs" # Nepal # UN # UnitedNations https://wwMmastodonWorldUnited Nations451 min ago

    Nepal has filed a $20 million claim under the UN loss-and-damage fund for flooding, but analysis shows this covers only about 0.7% of the country's actual flood-related costs. The gap highlights how international climate finance falls far short of the real damage developing countries face, raising questions about the fund's scale and adequacy as more nations submit claims.