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Manila Bulletin devider Philippines devider National devider PH seat in Loss & Damage Fund Board boosts clout in climate change advocacy --- Marcos

PH seat in Loss & Damage Fund Board boosts clout in climate change advocacy --- Marcos

Published Dec 14, 2023 06:36 am

Securing a seat in the Loss and Damage Fund Board is a "very important development" for the Philippines as it will give the country a voice in managing the disaster fund, President Marcos said.

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President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang)

Through a video message on Thursday, Dec. 14, Marcos expressed elation over the new development which was announced by Environment Secretary Ma. Antonia Loyzaga on the same day in a Palace briefing.

"I am very gratified to hear the news that the Philippines secured a membership on the damage and loss board for the year 2024 and the year 2026, serving as an alternate for 2025," Marcos said.

The President added that it will give the country "a voice in the management of all funding that is available around the world to mitigate and adapt to the effects of climate change."

"It is a very important development for us," he further said.

The next step, he noted, will be the country's goal to host the board of the Loss and Damage Fund.

"The next step that we are hoping to achieve is to host the damage and loss fund here in the Philippines because after all we are very much in the mix when it comes to the climate change effects," he said.

"So I think this is a good development and we’ll keep working to make sure that the Philippines has a very strong voice when it comes to all the issues of climate change of which we are very severely affected," he added.

The Philippines garnered a seat on the board of the disaster fund in 2024 and 2026, and will share a term with Pakistan in 2025.

Loyzaga said the country "will be sitting two years as full members and one year as an alternate member."

The creation of the Loss and Damage Fund was among the significant developments from the COP28 recently held in Dubai. 

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loss and damage fund COP28 President Marcos Climate change
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