News and Updates
Check out the latest news and updates on climate finance
Gov’t, academe, private sector commit to advance climate finance in PHL
A broad range of stakeholders led by legislators, national agencies, and non-government groups pledged together to accelerate the roll out of climate and disaster risk finance and insurance (CDRFI) initiatives to protect vulnerable communities from the worsening impacts of climate change.
More lending pushed for RE investments [Philstar]
Manila-based climate and energy policy group Institute for Climate and Sustainable Cities (ICSC) has called on the government and banks to provide more lending opportunities for renewable energy investments in the country. The total energy investment requirements indicated in the Philippine Energy Plan (PEP) for the next 20 years are estimated at $153 billion.
Science and arts merge for climate action in Eastern Visayas
LEYTE, August 31, 2022 – Students, teachers, and officials of the Visayas State University (VSU) in Baybay City, Leyte, along with representatives from Eastern Visayas civil society and local governments, joined a [...]
SE Asia on the hunt for green-shift funds
Southeast Asian countries are tapping the international credit markets to raise funds to help put their economies on a low-carbon path as the threat of climate change becomes more urgent in the region. Analysts say emissions reduction, and the need for financing to help achieve it, has become a pressing issue as extreme weather events such as typhoons, drought and intense heat wreak havoc on the region.
[REACTIVE] New V20 report reveals staggering climate-induced economic losses over last 20 years
Report underscored emergency need for crisis-level action via loss and damage funding for the most vulnerable economies MANILA, June 9, 2022 – A report released yesterday by the Vulnerable Twenty (V20) [...]
Climate change wiped out fifth of vulnerable countries’ wealth over last 2 decades- report
V20 Group of 55 economies reinforce demands for international funding for loss and damage Reposted from the V20 Group of Finance Ministers | READ THE STORY HERE BONN, Germany, [...]
Make climate finance pro-poor, equitable, and people-centered – Asian countries
BALI, INDONESIA, June 1, 2022 – Governments and civil society groups from South and Southeast Asia signed an agreement to enable inclusive, gender equitable, and human rights-based climate and disaster financing for [...]
Understanding adaptation and risk management practices of the Ifugaos
by Danica Marie Supnet Editor’s Note: Danica Supnet is the lead climate policy analyst of ICSC. She was in Ifugao with colleagues from the Climate Finance Team on March 2-4, 2021 to [...]