Nepal seeks $20m from UN loss-and-damage fund, covering 0.7% of flood costs

Nepal has requested $20 million from the UN loss-and-damage fund following devastating floods, an amount that represents only 0.7% of total flood costs. The claim highlights the vast gap between available international climate finance and actual needs in vulnerable countries. The development underscores the inadequacy of current loss-and-damage mechanisms, though the fund's disbursement process and final allocation remain uncertain.