The Philippines and the United Nations Development Program (UNDP) are working with Canada to reduce the climate finance gap through nature-based solutions projects funded under a $5.3-billion climate finance commitment, the Presidential Communications Office (PCO) said. Pexels In a statement, the...
Department of Finance (DOF) Secretary Benjamin E. Diokno urged the setting up of a new collective quantified goal (NCGQ) of a minimum $100 billion per year on climate finance to strengthen countries’ climate action. Climate finance is described by the UN as financial resources and instruments...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Camarines Sur 2nd district Rep. LRay Villafuerte commended President Marcos for his commitment to advance the Philippines’ dedication to climate justice on the international...
The Philippines has lauded the adoption of loss and damage funding at the 28th Conference of the Parties (COP28) in Dubai. Through the Climate Change Commission, the country, which is among the highly vulnerable nations to the impacts of climate change, welcomed the development saying, it is a...
The Department of Finance (DOF) is hopeful that the government's plan to tackle climate change will improve how the country provides information with organizations that grant funding for climate-related initiatives. Finance Secretary Benjamin E. Diokno said the Philippines’ Nationally Determined...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has approved on the third and final reading the proposed Climate Change Resilience Act, which stresses the need for the government to come up with measures to stop...
President Marcos has asked world leaders to support the Philippines' bid to host the Loss and Damage Fund as he called for the fund's prompt operationalization to support developing and vulnerable countries from the impact of the climate crisis. President Ferdinand 'Bongbong' Marcos Jr. (File...
ATHENS, Greece – The players in the liquefied natural gas (LNG) sector are well aware that they are in the ‘hot seat’ at the ongoing 28th Conference of the Parties (COP) Climate Change Summit, hence, the industry is pressing for collaborative decarbonization strategy that will mainly focus on...
​The Philippines is expecting that the upcoming Conference of Parties (COP28), where world leaders will hold talks on climate, will produce meaningful commitments and decisions, particularly on the Loss and Damage Fund that is expected to help affected countries tide over climate threats....
It is important that the Philippines' climate change agenda is heard by other countries given its vulnerability to its effects. Environment Secretary Antonia Yulo-Loyzaga Environment Secretary Antonia Yulo-Loyzaga, who will be leading the Philippine delegation at the 28th Conference of the Parties...
Over P541 million will be allotted for climate adaptation projects to local government unit (LGU) beneficiaries, the Department of Finance (DOF) said. This as President Ferdinand R. Marcos, Jr. approved the People’s Survival Fund (PSF) Resolutions. The PSF had an initial capitalization of P1...
A forbidding ‘moment of truth’ will confront the oil and gas industry at the 28th Conference of the Parties (COP28) Climate Change Summit in Dubai, as this is the main sector being pressed for radical reduction in carbon emissions so it can keep pace with the 1.5 °C global temperature rise...
