The UN’s Fund for Responding to Loss and Damage has provisionally allocated $21.6 million to Nepal, marking a historic first for the fund's emergency response capabilities. However, this amount covers less than 0.5 percent of Nepal's estimated $4.7 billion in recovery needs, highlighting significant gaps in both global climate financing and the speed of aid delivery.
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The UN’s Fund for Responding to Loss and Damage has provisionally allocated $21.6 million to Nepal, marking a historic first for the fund's emergency response capabilities. However, this amount covers less than 0.5 percent of Nepal's estimated $4.7 billion in recovery needs, highlighting significant gaps in both global climate financing and the speed of aid delivery.
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