🌍✨ UN’s loss and damage fund set to give Nepal $20m for flood recovery
Why we’re watching: The board of the Fund for Responding to Loss and Damage (FRLD) will decide on Thursday on whether to “provisionally set aside” $20 million for Nepal to deal with some of the effects of the climate-driven flood it suffered in August.
The motion, seen by Climate Home News, has been drafted by a group of board members from both developed and developing countries and so is likely to pass easily at the fund’s first-ever extraordinary board meeting on October 22. 💚
It invites the government of Nepal to submit a proposal for how to use the money, with the board then deciding at one of its regular board meetings whether to approve the proposal or not.
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🔭 What to watch next
- 📌 Key signal: The board of the Fund for Responding to Loss and Damage (FRLD) will decide on Thursday on whether to “provisionally set aside”…
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Reporting curated for GreenTV. Original reporting via Climate Home News.