UN Climate Fund Votes to Help Nepal, a Historic Step Far Short of the Need

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By Nicholas Kusnetz, Inside Climate News. 

Excerpt:  United Nations fund to help developing nations pay the costs imposed by climate change voted Thursday to allocate money for Nepal as the country recovers from devastating flooding in August. It was a historic step for the fund—the first time it has allocated money to a vulnerable country in an immediate response to climate impacts. But that also highlighted the severe limitations it faces. It was 2022 when nations agreed to create the Fund for responding to Loss and Damage. The aim was for wealthy nations to contribute money that would flow to developing countries to cover irreversible economic losses caused by climate change. The fund has yet to disburse any money. The disaster in Nepal, where flooding unleashed by a landslide and glacial collapse killed some 1,500 people, with more than 5,000 still missing, was exactly what the fund was meant to address.... 

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