Sandra Guzmán is director at the Climate Finance Group for Latin America and the Caribbean (GFLAC), and Raju Pandit Chhetri is lead climate finance negotiator for the least-developed countries at the UNFCCC.
Recent catastrophic floods in Nepal starkly remind us that the climate crisis demands urgent action. The initial estimate that the country will need to spend $5 billion on recovery will likely remain a major concern. However, that is only one part of the story. No financial metric can capture the val
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