In line with the bold commitments of countries to the 26th Conference of the Parties on Climate Change (COP26), an innovative low-cost funding mechanism from multilateral agencies like the Asian Development Bank (ADB), to be complemented by private financing, would be needed to concretize the...
The Philippines has called on Western economies to act now in significantly reducing their carbon footprints, and make good on their commitments to extend the financing needed by climate-vulnerable countries to transition to a clean energy future. Speaking at the 2021 Asian Infrastructure...
The Climate Change Commission (CCC) wants to integrate climate indicators in the evaluation of government projects and provide localized data especially to highly vulnerable local government units (LGUs). In a statement, Finance Secretary Carlos G. Dominguez III, who is CCC chairman-designate, said...
The Asian Infrastructure Investment Bank (AIIB) has vowed to align its operations with the goals of the Paris Agreement as the Beijing-led lender raises its annual climate finance commitments. Currently, the China-led AIIB estimated its cumulative climate finance approvals to reach $50 billion by...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
The pandemic and the climate crisis are increasing the pressure on corporations globally, including the Philippines, to take accountability for their impact on the environment and push for sustainability efforts. During the ASEAN Sustainability E-Summit on Friday, Tim Daniels, investor relations...
Finance Secretary Carlos G. Dominguez III has called on young innovators to contribute their skills and ideas in the fight against climate change, and spearhead efforts to educate and motivate the country’s youth to take action in protecting the planet’s future. Finance Secretary Carlos G....
The country’s agriculture sector has sustained nearly P2-billion damage from Severe Tropical Storm Maring, but losses are expected to further rise. Photo from Kilusang Magbubukid ng Pilipinas In the latest report of the Department of Agriculture (DA), Maring’s damage and losses to farm sector...
A creative sourcebook on using theater for climate education and action was launched by the Department of Education (DepEd) to further strengthen the integration of climate change adaptation and mitigation in basic education. Photo from DepEd DepEd, through its Disaster Risk Reduction and...
Over 18,000 national and local elective positions will be vacated next year. Aspirants who wish to fill one of these positions are now in the spotlight this week as they file their certificates of candidacy. It’s too early to tell whether or not our future leaders will have platforms to combat...
The Senate is set to begin plenary debates on the bill which would institutionalize the practice of extended producers responsibility (EPR) on their plastic packaging waste. (Photo from EcoWaste Coalition) Before the upper chamber adjourned sessions for a monthlong break Wednesday night, September...
The Department of Finance (DOF) is demanding rich countries to fulfill their pledge of providing the massive financing needed to reverse the devastating effects of climate change. During the Ministerial Dialogue of the Climate Vulnerable Forum (CVF), Finance Secretary Carlos G. Dominguez III has...
