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Nepal formally asked the UN Fund for responding to Loss and Damage (FRLD) for up to $20 million in immediate support after the 26 August 2026 glacier-collapse flood in the Rasuwa-Bhotekoshi area.
In a letter dated 9 September 2026, the Fund's Board co-chairs said discussions were under way to address Nepal's request as quickly as possible.
The request, signed by Nepal's Finance Minister and its Agriculture, Forests and Environment Minister, is an early test of whether the Fund can deliver rapid disaster finance.
The Fund has over $820 million in pledges but has received 176 funding requests from 119 countries worth about $2.8 billion; its next Board meeting is in Manila in December 2026.
The Fund is an operating entity serving the Convention and the Paris Agreement.
First UNFCCC mechanism dedicated to loss and damage; the Santiago Network sits under it for technical assistance.
Recognises averting, minimising and addressing loss and damage; COP decisions state it does not create liability or compensation.
Climate harm that mitigation and adaptation could not prevent - from sudden disasters like floods to slow-onset events like sea-level rise. It covers economic losses and non-economic ones such as lives, culture and displacement.
Simple Analogy: Mitigation avoids the fire, adaptation fireproofs the house, loss and damage pays after it burns.
GS Paper III > Environment > Climate finance, UNFCCC; GS Paper II > India's neighbourhood
Fund for responding to Loss and Damage - UNFCCC fund agreed at COP27, operationalised at COP28.
Technical-assistance network under the Warsaw International Mechanism.
Harm without a market price - lives, health, heritage, biodiversity, displacement.