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climate financing

News about climate financing: events, facts and developments on tafs uz.

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Madagascar's President at COP31 called the shortage of climate financing a “question of survival”

Speaking at the COP31 leaders' summit in Antalya, Madagascar's President Michael Randrianirina said that the shortage of climate financing threatens the country's very existence. He cited data on the devastation from Cyclone Gezani, damage of nearly $2.5 billion in the 2026 season, and Madagascar's demands for adaptation financing and the loss and damage fund.

2 min read

Nepal's Foreign Minister: Delays in allocating funds for climate disaster response are 'unjustified'

On the sidelines of the COP31 climate summit in Antalya, Nepal's Foreign Minister Shisir Khanal stated that climate financing mechanisms respond too slowly to disasters. Following the August floods, Nepal needs approximately $5 billion for recovery, but the provisional allocation of $21.6 million by the Loss and Damage Fund may take several more months due to approval procedures.

3 min read