Countries emitting carbon should pay compensation: PM Oli

New York (USA): Prime Minister KP Sharma Oli has said that Nepal believes that carbon-emitting countries should compensate the non-emitting countries.

Prime Minister Oli, who is here in connection with participating in the 79th United Nations General Assembly (UNGA), leading the Nepali delegation, said this while addressing as the keynote speaker at a programme on Parliamentarians for Fossil Fuel Free, on Saturday.

Stating that Nepal has helped reduce the climate change impact through zero carbon emission, he stressed compensating the communities suffering from climate change impact due to the emissions by the developed countries. He presented the case of the snow melting in the Nepal Himalayas, including Sagarmatha (Mt Everest).

PM Oli called on the world’s developed countries to increase funding for future climate adaptation as established by the Paris Agreement. “Our future is bright because we are investing for the future,” he said.

Prime Minister Oli is accompanied by his spouse Radhika Shakya, Minister for Foreign Affairs, Arzu Rana Deuba, Chief Advisor to PM, Bishnu Prasad Rimal, Foreign Secretary Sewa Lamsal and other senior officials.