Loss and Damage Fund Executive Director Stresses Need for Rapid Mechanism for Climate-Affected Nations
Summary
Loss and Damage Fund Executive Director Ibrahima Cheikh Diong has called for a rapid and simple mechanism to deliver climate finance directly to countries like Nepal hit by climate disasters. He said the issue should be treated as a humanitarian emergency, not only an institutional challenge.
Key Points
- Ibrahima Cheikh Diong urged faster, easier and direct access to climate finance for communities affected by climate-induced disasters.
- He said climate finance should be viewed as a humanitarian issue, especially for countries like Nepal that have suffered major flood losses.
- Diong noted that demand for the fund’s $250 million call far exceeded available resources, with 176 proposals from 119 countries seeking $2.8 billion.
- He said existing mechanisms such as the Green Climate Fund, Adaptation Fund and Global Environment Facility should be used and simplified to improve access.
