UN Climate Fund's Historic Nepal Move Falls Short — SkimNews
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- UN Climate Fund voted Thursday to allocate money for Nepal as the country recovers from devastating flooding in August.
- Nepal was selected for the fund’s first allocation to a vulnerable country, a historic step that remains far short of the need.
Why it matters: Nepal gains climate-finance support while recovering from August’s devastating floods, and Thursday’s vote marks the fund’s first allocation to a vulnerable country—a precedent for vulnerable countries to receive support. Yet the historic allocation remains far short of the need, so the stated shortfall persists.
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