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PH starts capacity building, foundations vs climate change

Finance Assistant Secretary Paola Alvarez (File photo) MANILA - The proposed annual USD100 billion climate change financing to developing countries will not be available until 2023 but the Philippine government has started capacity building and policy foundations to easily implement its programs. In a virtual pre-26th United Nations Climate Change Conference of the Parties (COP26) briefing on Tuesday, Finance Assistant Secretary Paola Alvarez said the government has started working with the private sector regarding climate change mitigation and adaptation strategies. She said especially in developed countries, it is the big companies such as Amazon and e-Bay that have big greenhouse gas emissions compared to developing countries. "So, if they actually start implementing climate mitigation and adaptation strategies it would actually make a bigger dent. And at the same time how we respond to disasters and resiliency efforts would be greatly affected as well," she said. Alvarez

PH starts capacity building, policy foundations vs climate change

Finance Assistant Secretary Paola Alvarez (File photo) MANILA - The proposed annual USD100 billion climate change financing to developing countries will not be available until 2023 but the Philippine government has started capacity building and policy foundations to easily implement its programs. In a virtual pre-26th United Nations Climate Change Conference of the Parties (COP26) briefing on Tuesday, Finance Assistant Secretary Paola Alvarez said the government has started working with the private sector regarding climate change mitigation and adaptation strategies. She said especially in developed countries, it is the big companies such as Amazon and e-Bay that have big greenhouse gas emissions compared to developing countries. "So, if they actually start implementing climate mitigation and adaptation strategies it would actually make a bigger dent. And at the same time how we respond to disasters and resiliency efforts would be greatly affected as well," she said. Alvarez

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