- Nepalese prime minister Balendra Shah told the UN General Assembly that recent floods in Nepal which killed at least 1,400 people are a severe warning to the world about the accelerating climate crisis.
- Mr Shah called for an urgent overhaul of international climate finance, stating that vulnerable nations facing disasters should not be forced to navigate complex bureaucratic mazes to receive aid.
- Preliminary assessments indicate that Nepal suffered over $5bn (£3.7bn) in damage from the flooding, amounting to approximately 15 per cent of the nation's GDP.
- The prime minister highlighted the injustice of the crisis, noting that Nepal contributes less than a tenth of one per cent of global greenhouse gas emissions yet suffers catastrophic consequences.
- Nepal is seeking $20m from the global Loss and Damage Fund, but international responses remain severely underfunded, with US emergency aid covering less than one per cent of Nepal's total losses.
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