Nepal to receive first-ever loss and damage fund payout after devastating floods
Nepal is set to receive $21.6 million from the United Nations’ Loss and Damage Fund following the devastating Bhotekoshi floods that struck the country in…
The Hindu reports: Nepal is set to receive $21.6 million from the United Nations’ Loss and Damage Fund following the devastating Bhotekoshi floods that struck the country in August.
The allocation marks the first time the global climate fund has earmarked money for a specific country to address climate-change-linked losses.
This environment story centres on Nepal. Names and organisations mentioned in the coverage include United Nations’ Loss, Damage Fund and Bhotekoshi.
Why it matters
Environmental stories like this can have long-term consequences for ecosystems, communities and climate policy.
Key details
- Location
- Nepal · Asia
- Reported by
- The Hindu
- First reported
- Key names
- United Nations’ Loss, Damage Fund, Bhotekoshi
- Section
- Environment
- Figure cited
- Climate experts have welcomed the decision as a landmark step, but the funding is only a fraction of the nearly $5 billion Nepal estimates it needs for recovery and reconstruction. (The Hindu)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The HinduSpotted an error? Request a correction · How this summary was produced
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