Nepal to Receive Immediate Aid for Climate Change Damage
Summary
Nepal is expected to receive immediate emergency assistance from the UN climate Loss and Damage Fund after the Bhote Koshi flood caused heavy loss of life and property in Rasuwa. Kathmandu has requested $20 million and is pushing for fast-track support before COP-31.
Key Points
- Nepal suffered major damage from the Bhote Koshi flood in Rasuwa on August 26 and has asked for compensation from the Loss and Damage Fund.
- Officials say the fund has responded positively and may provide emergency relief through a fast-track process before the regular board decision in December.
- Nepal has formally requested $20 million in immediate assistance to cover relief and rehabilitation needs.
- The fund, officially called the Fund for Responding to Loss and Damage, is under the UNFCCC and headquartered in Washington, D.C.
