The Philippines has formally committed to reverse forest loss and land degradation by 2030, the Department of Finance (DOF) announced on Thursday, Nov. 11. In a statement, the DOF said the Department of Foreign Affairs (DFA) recently transmitted President Duterte’s letter to the government of the...
The Philippines has called for an end to the debate on climate change, and for nations to start implementing concrete actions to fulfill their respective commitments and “obligations to humanity” to save the planet from an environmental catastrophe. “The Philippines is determined to be a...
The next Department of Finance (DOF) head needs to keep a close eye on four pressing issues, such as public debt, inflation, exacerbated inequality and climate change, President Duterte’s chief economic manager said. Eight months before the term of the Duterte administration ends, Finance...
The Philippines urged governments and multilateral development banks (MDBs) work closely in addressing the transitional adjustments that might have to be undertaken to ensure the seamless implementation of climate-related projects on the ground. Finance Undersecretary Mark Dennis Joven said that...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
PEACE-MAKER Jose de Venecia Jr. Former Speaker of the House As the world’s economic powers gathered in Rome for the G-20 Summit, Iran announced that it would resume nuclear talks in Vienna before the end of this month. Tehran’s announcement is a welcome development as it is a significant step...
Finance Secretary Carlos G. Dominguez III has underscored the importance of the “blended approach” or sustainable orchestration of grants, investments, and subsidies to make climate finance work for its beneficiaries. IMG_1313 During a ministerial dialogue on climate finance at COP26, Dominguez...
ENDEAVOR Sonny Coloma A global summit – the 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change – is ongoing in Glasgow, Scotland to address global concerns on the continuing threats posed by unabated global warming. The Philippines will likely...
The Philippines and Indonesia have formed a new partnership establishing an Energy Transition Mechanism (ETM), the first of its kind in Asia and the Pacific, the Asian Development Bank (ADB) said. At the COP26 in Glasgow, ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani...
Foreign Affairs Secretary Teodoro Locsin Jr. believes that the ongoing climate change conference in Glasgow is the world's "last-ditch effort" to come up with climate solutions to save the planet. Foreign Affairs Secretary Teodoro Locsin Jr. (PCOO / FILE PHOTO / MANILA BULLETIN) "This is the...
The Philippines incurred billions of pesos in losses due to climate-related hazards in over a decade despite contributing only a meager to global greenhouse gas emissions. The Department of Finance (DOF) revealed Tuesday, Nov. 2, 2021, that extreme weather driven by climate change cost the...
The 26 th Conference of the Parties COP26) to the United Nations Framework Convention on Climate Change opened in Glasgow, Scotland last Oct. 31 for a two-week meeting that would hopefully address global concerns on the continuing threats posed by unabated global warming. UN Secretary General...
