Nepal will receive $20 million from the UN’s loss and damage fund after August floods killed around 1,500 people and caused $2.7 billion in infrastructure losses. With reconstruction costs topping $4.7 billion, the aid highlights the gap between climate finance and vulnerable nations’ needs. Nepal is set to receive $20 million from the United Nations’ climate loss and damage fund following devastating August floods that killed around 1,500 people and left more.