UN Loss and Damage Fund earmarks first country allocation for Nepal floods
publishers 69articles 93first reported 6 Oct, 18:16 UTCdeveloping since 7 Oct · 26 editions
The UN climate convention’s Loss and Damage Fund has provisionally allocated $20 million for reconstruction in Nepal after August flooding, its first earmark for a specific country since the fund was established in 2022.
The Hindu reported that the full allocation approved at an extraordinary board meeting on October 22 totals $21.6 million, including $1.6 million in oversight fees for organizations implementing projects. Disbursement will depend on donors fulfilling their pledges.
On August 26, an ice-and-rock avalanche triggered debris flows and flooding along the Bhotekoshi-Trishuli-Narayani river system. Nepal estimates its economic losses at $5 billion and says initial recovery and reconstruction needs are at least $4.71 billion.
Nepal’s finance and environment ministers requested rapid assistance from the fund on August 31, saying the country contributes negligibly to global emissions but faces escalating climate impacts. Board members representing several regions subsequently backed an extraordinary meeting.
The fund was created at the COP27 climate conference to assist vulnerable developing countries facing economic and non-economic climate-related losses, with its operating mechanism agreed at COP28. It has received more than $820 million in pledges, including $342 million promised for its start-up phase. It has also received 176 funding requests from 119 countries totaling about $2.8 billion.
HOW THIS STORY WAS MADE
Written from 8 articles, 8 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 420 h after the record first saw the story; the editor kept it as written.
- Publishers
- 69
- Source articles
- 93
- Given to the writer
- 8, 8 with the article's own text
- Independent newsrooms
- 8
- This version written
- 420 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →