Story perspectives

Nepal to pursue UN loss and damage compensation

9/7/2026

Summary

Story summary

Foreign Minister Shishir Khanal announced Nepal will pursue UN Loss and Damage compensation.
The August 26 2026 Bhote Koshi flood killed 1,225 people and left over 4,700 missing.
Economic losses total $2.56 billion, with reconstruction estimated at $4-5 billion.
Lawmakers Ashish Gajurel and Ashok Chaudhary urged Bhutan’s Prime Minister Tshering Tobgay to support Nepal’s claim.
Chinese Ambassador Zhang Maoming met Khanal, reaffirming support and calling climate change a shared responsibility.

History

Historical Context

Created by the 2015 Paris Agreement, the Warsaw International Mechanism tackles loss-and-damage and rests on a $100 billion pledge, with China and EU giving over $20 billion in 2020. After the United States withdrew under Trump, funding gaps grew. In August 2026, Nepal’s foreign minister Shishir Khanal urged Bhutan’s prime minister Tshering Tobgay and Chinese ambassador Zhang Maoming to back a UN loss-and-damage claim to secure billions for reconstruction.

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Story summary

Foreign Minister Shishir Khanal announced Nepal will pursue UN Loss and Damage compensation.
The August 26 2026 Bhote Koshi flood killed 1,225 people and left over 4,700 missing.
Economic losses total $2.56 billion, with reconstruction estimated at $4-5 billion.
Lawmakers Ashish Gajurel and Ashok Chaudhary urged Bhutan’s Prime Minister Tshering Tobgay to support Nepal’s claim.
Chinese Ambassador Zhang Maoming met Khanal, reaffirming support and calling climate change a shared responsibility.

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