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Nepal's $20m UN loss-and-damage claim covers fraction of flood costs

Original: "Analysis: Nepal’s $20m ‘loss-and-damage’ claim only covers 0.7% of flood costs" # Nepal # UN # UnitedNations https://ww

Nepal has filed a $20 million claim under the UN's loss-and-damage fund for flood damage, but analysis by Carbon Brief finds the payout would cover only about 0.7% of the country's actual flood costs. The gap highlights how far the new UN climate compensation mechanism falls short of the real financial toll climate disasters are taking on vulnerable nations.

Why now: The first loss-and-damage payouts are being scrutinised for being far smaller than countries' actual climate-related losses.

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• "Analysis: Nepal’s $20m ‘loss-and-damage’ claim only covers 0.7% of flood costs" # Nepal # UN # UnitedNations https://www. carbonbrief.org/analysis-nepal s-20m-loss-and-damage-claim-only-covers-0-7-of-flood-costs · primonatura@mstdn.social · 4

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