Nepal set to receive first-ever US$20 million payout from UN climate damage fund
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The United Nations’ climate loss and damage fund moved to provide US$20 million in aid sought by flood-stricken Nepal, the first time it has set aside money for any country, in a key test of the body’s credibility.
Summary
The United Nations’ climate loss and damage fund moved to provide US$20 million in aid sought by flood-stricken Nepal – the first time it has set aside money for any country – in a key test of the body’s credibility.