Prime Minister Balendra Shah addressed the UN General Assembly, describing last month's catastrophic floods that killed over 1,400 people as a warning about climate change impacts on the Himalayas. He urged world leaders to act on climate change and proposed a Himalayan resilience pact while appealing for international funding support.
Nepal's government estimates reconstruction costs at $4.78 billion following the August 26 glacial flood that killed over 1,400 people. Prime Minister Balendra Shah will address the UN General Assembly on climate change impacts, calling for international support.
Nepal is seeking $20 million in climate justice compensation following devastating floods that killed and displaced thousands, while receiving aid pledges from the United States, Guernsey, and other international partners.
Chief US District Judge Brenda Sannes ruled that New York's landmark climate superfund law, which would have required fossil fuel companies to pay $75 billion over 25 years for climate damage repairs, conflicts with federal law and cannot be enforced. The ruling sided with 22 Republican state attorneys general and industry groups including the US Chamber of Commerce.
A federal judge ruled that New York cannot enforce its 2024 law requiring fossil fuel companies to contribute $75 billion over 25 years to a climate damage fund, dealing a major blow to the state's climate litigation strategy.
Major AI companies including OpenAI, Anthropic, and SpaceX have disclosed little about their greenhouse gas emissions or sustainability plans, reflecting a broader retreat from environmental reporting as the ESG investment era wanes on Wall Street.
A federal appeals court ruled Tuesday that the Trump administration's EPA did not have the legal authority to terminate and claw back $20 billion in clean-energy funding that had already been distributed to eight nonprofit groups in February 2025.
The World Bank Board of Directors approved $265 million in financing for the Ifahsa Pumped Hydropower Storage Project in northern Morocco, marking one of the most significant clean energy infrastructure investments of its kind on the African continent.
