KOROR, Palau, Sept 2, 2026 (BSS/AFP) - Nepal's flood disaster and Europe's 
wildfires should turn attention to the cost of climate change, the head of 
the world's biggest climate fund said in an interview on Wednesday.

Mafalda Duarte, executive director of the UN's multi-billion-dollar Green 
Climate Fund, said many countries do not understand the world faces tipping 
points from which it cannot go back.

"We see globally climate change dropping in terms of priorities, with other 
things -- conflicts and shocks -- taking priority," she told AFP.

"We see when there is will, that finance is mobilised to respond to 
emergencies. For some reason, we don't see the same type of response to 
climate -- as if we can afford to wait."

The Green Climate Fund was established by the UN to help developing countries 
deal with the impacts of climate change, and has invested $19 billion across 
134 developing countries.

The US withdrew from the fund in January, and Britain halved its contribution 
in May.

The devastation caused by the Nepal flood disaster should return political 
focus to climate change, Duarte said.

"I would hope that this, plus the heatwaves this summer, plus the 
wildfires... These things are now happening everywhere. This is not a 
phenomenon of developing countries," she said, referencing the deadly fires 
and heatwave in across Europe.

Duarte is in Palau for the annual summit of Pacific island leaders, who see 
climate change as their biggest security threat.

Pacific governments reacted with dismay on Wednesday to a UN report that 
found the world would fail to limit global warming to 1.5C above pre-
industrial levels, hastening climate impacts.

"It always surprises me as to how we can have so much information, and can 
act so little," she said.

"We cannot give up hope," she added.

The fund is increasing its work on adaptation in the Pacific, and has doubled 
its investment in the region in three years to $1 billion.

Acknowledging there is frustration among small countries accessing the fund, 
Duarte said the process has sped up to an average nine months.

Marshall Islands climate envoy Tina Stege, the Pacific's envoy for COP31, 
said on Wednesday that "urgent and concrete" progress was needed to improve 
access to climate finance for small island states.

She said a separate UN "loss and damage" fund, agreed four years ago to help 
developing nations respond to climate disasters, was "an empty bucket".