UN climate disaster fund moves to provide US$20 mn aid for Nepal

The United Nations climate loss and damage fund's board has agreed during an extraordinary meeting to earmark US$20 million in aid for flood-stricken Nepal. This marks the first time the newly established fund has set aside money for any country.

While the board has agreed to the allocation, the modest financial assistance still requires final approval before disbursement. The decision serves as a key test of the body's credibility in delivering climate disaster relief.