Countries emitting carbon should pay compensation: PM Oli

Prime Minister KP Sharma Oli has said that Nepal is clear in its view that carbon emitting countries should compensate the non-emitting countries.

Prime Minister Oli, who is in New York to attend the 79th United Nations General Assembly (UNGA), leading the Nepali delegation, said this while addressing as the keynote speaker at a program on Parliamentarians for Fossil Fuel Free, on Saturday.

Stating that Nepal has helped reduce the climate change impact through zero carbon emission, he stressed on 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 developed countries of the world 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.