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Nepal to receive $21.6 million from UN climate loss and damage fund

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The UN Fund for Responding to Loss and Damage approved the first-ever climate-related compensation payment to Nepal, worth $21.6 million, during an emergency meeting this week. The decision is seen as an acknowledgment that climate change drives extreme weather events. It also reinforces the principle that historically high-polluting developed nations should contribute to the fund. The money is intended to help vulnerable developing countries cope with climate-driven losses and damages.

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