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Experts have said that the process of obtaining compensation for damages caused by climate change in developing and small poor countries should be facilitated.
In the discussion about the effects of climate change and damages in the Himalayan region at the Everest dialogue, experts said that the process of getting compensation should be simplified.
He emphasized that poor and small countries like Nepal need to have easy access to climate funds to carry out necessary programs to deal with climate change. Speaking as a keynote speaker at the
discussion, Ibrahim Sheikh Diong, executive director of the Nokshani Fund, said there is a need for global cooperation and coordination and support to fight climate change.
He said that affected countries and civil society should come forward for response and sustainability against climate change. Globalization and support of the event will make it easier to reach the disaster fund. Executive Director Diong mentioned the need to empower the governments of the affected countries.
He said that only if the government is clear and strong, it will be able to present its issues to the world and mobilize the funds received. In the
discussion program, Rajesh Sharma, a risk management expert from the United Nations Development Program, said that accounting for non-economic losses caused by climate change is very important. He said that since financial loss and damage are not obvious and cannot be measured, a separate method and process is needed for its loss.
The United Nations Development Program is going to help governments to account for non-financial losses. He said that the accounting method for non-economic damages will be ready by 2026. In the
discussion, experts have expressed concern about the severe impact of weather-related disasters on mountainous countries like Nepal. Arunbhakta Shrestha, consultant of ISIMOD, said that the governments have become weak in responding to events such as floods, landslides, snowstorms, and heat waves.
India's Department of Science and Technology Dr. Anil Kumar Gupta and Maureen Santos, Social Environmental Justice Program Coordinator of Henrique Boll Foundation in Brazil, said that everyone should help the communities with limited capacity to have quick access to disaster relief funds.
