Arjun Kumar Karki urges developed countries to provide climate finance as grants, not loans

Arjun Kumar Karki Kathmandu, November 12 Dr Arjun Kumar Karki has called on developed countries to fulfil their climate finance obligations by providing adequate, predictable and accessible public funding in the form of grants rather than loans. Speaking at a side event titled ‘Turning Climate Declarations into Action’ at the Nepal Pavilion during the 31st UN Climate Change Conference (COP31) in Antalya, Turkey, on November 12, Karki said climate justice required reparations worth trillions of dollars, not billions.

The event was organised by LDC Watch in collaboration with the Asia Pacific Movement on Debt and Development (APMDD) and the Parliamentarians Network for a Fossil-Free Future. Parliamentarians from least developed countries (LDCs) and partner countries discussed ways to advance the 2026 Dili Ministerial Declaration on Climate Change.

Addressing the gathering, Karki said Nepal was among the countries suffering severe consequences of a climate crisis to which it had contributed very little.