[REACTIVE] New V20 report reveals staggering climate-induced economic losses over last 20 years

2022-06-10T14:49:36+08:0009 Jun 2022|Tags: , , , , , , , , , |

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) Group of Finance Ministers detailed the massive economic damage wrought by climate change on the economies of the V20, representing countries considered the most [...]

Climate change wiped out fifth of vulnerable countries’ wealth over last 2 decades- report

2022-06-10T14:46:39+08:0008 Jun 2022|Tags: , , , , , , , |

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, 8 June 2022 – The V20 Group of Finance Ministers from climate vulnerable economies are calling for the immediate establishment of a separate and dedicated [...]

Make climate finance pro-poor, equitable, and people-centered – Asian countries

2022-06-01T15:19:58+08:0001 Jun 2022|Tags: , , , , , , , , , , , , , , , , , |

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 vulnerable nations. “Worsening climate change impacts, particularly episodic extreme weather events, are threatening no less than the long-term economic viability of developing countries. Climate [...]

Understanding adaptation and risk management practices of the Ifugaos

2022-03-21T14:59:09+08:0021 Mar 2022|Tags: , , , , , , , |

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 conduct focus group discussions with local stakeholders. The activity is part of the Multi-Actor Partnership (MAP) initiative, aimed at enabling more effective climate and [...]

MAP: protecting communities from climate change impacts

2022-03-10T14:17:08+08:0009 Mar 2022|Tags: , , , , , , , |

by Janssen Martinez Editor’s Note: Janssen Martinez is the lead climate finance analyst of ICSC. He was in Ifugao with colleagues  from March 2-4, 2021 to conduct focus group discussions with local stakeholders. The activity is part of the Multi-Actor Partnership (MAP) initiative, aimed at enabling more effective climate and disaster risk financing and insurance [...]

As new UN report sounds alarm on PH climate impacts: Next president should prioritize climate emergency – ICSC

2022-03-02T17:09:32+08:0002 Mar 2022|Tags: , , , , , , , , , , , , |

MANILA, 02 March 2022 – The United Nations’ latest climate science report released on Monday confirmed that climate change poses an existential threat to the long-term viability of the Philippine economy even as it has already hammered vulnerable communities. Climate change impacts are projected to worsen until world leaders ramp up emissions cuts, climate finance, and [...]

Asian cities search for ways to finance climate projects

2021-11-26T18:24:28+08:0029 Nov 2021|Tags: , , , , |

Underdeveloped municipal bond markets hinder green action, experts say FRANCESCA REGALADO, Nikkei Asia staff writer | November 26, 2021 13:49 JST | READ THE STORY HERE TOKYO -- Closed since the onset of the pandemic, Commonwealth High School in Metro Manila has been making a contribution to the local community of Quezon City through its solar [...]

Climate-vulnerable countries call for help forcing high emitters to act

2021-11-23T13:07:58+08:0018 Nov 2021|Tags: , , , , , , , , |

by Fiona Harvey | November 18, 2021 | Published by The Guardian | READ THE STORY HERE Those most at risk warn countries such as Australia they will lose out economically if they do not raise targets. Some of the countries most vulnerable to climate breakdown have called on the UN and the UK and other [...]

Mainstreaming gender and climate strategies and the Mandanas-Garcia Ruling

2021-11-17T14:16:54+08:0017 Nov 2021|Tags: , , , , , , , , , |

By Danica Marie Supnet The COVID-19 pandemic and climate change continue to challenge the capacities of developing countries such as ours. The Philippines is among the most vulnerable to long-term climate risks and our healthcare system has been heavily strained by the pandemic. This shows us that “global shocks” do not wait in line. They may [...]

Climate-vulnerable nations demand more financial support in COP26 draft deal

2021-11-23T13:24:46+08:0011 Nov 2021|Tags: , , , , , , , |

by Megan Rowling | November 11, 2021 | Published by Reuters | READ THE STORY HERE GLASGOW, Nov 10 (Thomson Reuters Foundation) - Vulnerable countries at the COP26 climate talks urged stronger commitments on finance to help them adapt to climate change impacts and repair the damage they are suffering, in response to an early draft [...]