Nepal Demands Easier Access to Loss and Damage Fund at COP-31
Summary
Nepal will press COP-31 for easier access to the Loss and Damage Fund, faster disbursement and more grants to support recovery from climate-induced disasters. The government says the fund’s current allocation for Bhote Koshi flood recovery remains undisbursed and is far below the scale of Nepal’s losses.
Key Points
- Nepal will demand simplified and faster access to the Loss and Damage Fund for least developed countries hit by climate disasters.
- The government wants the fund’s rapid mechanism formally operationalized and direct budget support arranged for recovery and reconstruction.
- Nepal says the US$216 million allocated after the Bhote Koshi flood is significant but still undisbursed and insufficient compared with total losses.
- The position paper also calls for broader recognition of mountain-specific risks, including glacial melt, glacial lake outburst floods, landslides and heavy rainfall.
