FRLD allocates $21.6 million to Nepal for climate losses
Quick dive
- The Fund for responding to Loss and Damage has earmarked $21.6 million for Nepal after August floods linked to an ice-and-rock avalanche.
- The FRLD was established at COP27 in 2022 and its operational mechanism was agreed at COP28.
- Nepal estimated initial recovery and reconstruction needs at about $4.71 billion, making the allocation a small fraction.
- The allocation includes $1.6 million in oversight fees and disbursement depends on further project proposals and donor pledges.
- exam_relevance: tests the COP27–COP28 institutional sequence, loss-and-damage finance, climate justice and the gap between estimated losses and committed funds.
Full explanation
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