Nepal's Floodwaters Test the Limits of International Climate Action The devastating floods that ravaged Nepal last month have left a trail of destruction estimated to be worth over $5 billion, a staggering figure for one of Asia's poorest countries.
The scale of this disaster poses a significant challenge to the international community: can the newly established UN climate change fund deliver meaningful support to Nepal in its time of need?
As of now, the fund has received pledges totaling over $822 million, but payments have so far trickled in at a mere fraction of that amount – around $485 million.