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 [...]

Vulnerable nations call for climate ’emergency pact’ at Glasgow summit

2021-11-23T13:17:07+08:0002 Nov 2021|Tags: , , , , , , , |

by Zack Budryk | November 2, 2021 | Published by The Hill | READ THE STORY HERE Representatives of vulnerable nations and communities called for a climate “emergency pact” at the COP26 climate conference in Glasgow, Scotland. At the Tuesday session, representatives of the Climate Vulnerable Forum (CVF) called for a series of steps from [...]

Philippines urges rich countries to deliver climate finance pledged to vulnerable nations

2021-11-06T11:25:05+08:0028 Oct 2021|Tags: , , , , , , |

by Gaea Katreena Cabico | October 28, 2021 | Published by Philstar.com | READ THE STORY HERE MANILA, Philippines — The Philippines is calling on wealthy nations to make good on their commitment to provide financing to developing countries to help them bolster their defenses against climate change. In a speech delivered at the Asian Infrastructure Investment [...]

Ahead of UN climate summit, rich countries stumble with dismal finance offer

2021-10-27T15:51:17+08:0027 Oct 2021|Tags: , , , , , , , |

MANILA, October 27, 2021 — Developed countries are projected to raise USD 100 billion in climate finance annually in 2023, three years later than pledged, according to a report released by the United Kingdom days before the United Nations climate summit is set to begin this Sunday. Rich countries pledged back in 2009 to raise [...]

NGOs say ADB climate financing targets not ambitious enough

2021-10-19T23:15:19+08:0017 Oct 2021|Tags: , , , , , , , |

by Angelica Y. Yang | October 17, 2021 | Published by BusinessWorld | READ THE STORY HERE A network of civil society groups said the Asian Development Bank’s (ADB) updated climate financing target of $100 billion is “un-ambitious,” adding that the eligibility requirements for projects to be funded are vague. The banks’ new financing target [...]

ICSC lauds stronger calls, bolder moves for climate action at UNGA 2021

2021-09-22T16:11:34+08:0022 Sep 2021|Tags: , , , , , , , , , , , , , , |

MANILA, 22 September 2021 -- Chinese President Xi Jinping and United States President Joseph Biden pledged climate and energy commitments today at the 76th United Nations General Assembly (UNGA), answering calls for urgent climate action from President Rodrigo Duterte and other world leaders. Xi vowed that China will halt new coal-fired power projects abroad, following similar [...]

BDO, BPI, DOE call to bridge clean energy financing gap

2021-08-24T17:37:41+08:0020 Aug 2021|Tags: , , , , , , , , , , , , , , |

VIEW EVENT AND RESOURCES PAGE MAKATI, 20 August 2021 -- Banco de Oro (BDO) Capital and Investment Corporation and the Bank of the Philippine Islands (BPI) today called for the shift of financial flows towards the 1.5 degrees Celsius global warming threshold of the Paris Agreement in order to address climate and energy transition [...]