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    Nepal's $20m UN loss-and-damage claim covers fraction of flood costs●"Analysis: Nepal’s $20m ‘loss-and-damage’ claim only covers 0.7% of flood costs" # Nepal # UN # UnitedNations https://wwMmastodonWorldUnited Nations431 min ago

    Nepal has filed a $20 million claim under the UN's loss-and-damage fund for flood damage, but analysis by Carbon Brief finds the payout would cover only about 0.7% of the country's actual flood costs. The gap highlights how far the new UN climate compensation mechanism falls short of the real financial toll climate disasters are taking on vulnerable nations.