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Experts participating in Saturday's session on the Everest Dialogue are of the opinion that financial assistance should be made accessible to countries affected by climate change. They said this in the interaction on 'Addressing the damage and loss in the hilly areas' held on the second day of dialogue.
The executive director of the United Nations' Loss and Damage Fund, Ibrahima Cheikh Deong, has said that it has been decided to mobilize 250 million US dollars to support countries affected by climate change.
He also said that a fund has been prepared to help countries affected by climate change and in dire need. "Our board has decided to mobilize 250 million US dollars and take initiatives for this," he said, "When we mobilize more resources, we are active in effective work on climate change."
'Now our fund is working with various stakeholders to make it accessible and for its solutions,' he said, 'We are making sure that it is available to those who need it the most.'
He said that Nepal is affected by climate change and the community's livelihood is facing crisis, so the fund is ready to help. UNDP's "Climate Change and Resilience Program" analyst Deepak KC said that Nepal should have access to the fund. He said that through the Sagarmatha Dialogue, Nepal was able to provide information about the need for funds for them.
Dr. Anil Kumar Gupta of India's Department of Science and Technology said that all nations should help the communities with limited capacity to access the fund. Rajesh Sharma, Program Specialist (Global) of Thailand's "Crisis Bureau UNDP" informed that UNDP is working to account for the damage caused by climate change.
Environmentalist Dr. Sindhu Dhungana said that Nepal's mountain economy has been affected due to climate change. To grow and develop that economy, we have to look at climate change. Climate change funds, as well as science and technology, are needed for that, he said, 'Now Nepal should make a 50-year blueprint for the mountainous region.'
'Last year, we suffered damage when Himtal erupted in Thame. The local people who were there had to lose their whole life's income,' she said, 'the village with Sherpa cultural significance is now in a state of displacement.' She emphasized that although the rural municipality has worked on the relief and infrastructure of those affected by the flood in Thame, funds are needed for the rehabilitation of the displaced.
