[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) Group of Finance Ministers detailed the massive economic damage wrought by climate change on the economies of the V20, representing countries considered the most vulnerable to climate change. V20 finance ministers called for the immediate establishment of an international financing facility to provide countries with direly needed funding support. The Climate Vulnerable Economies Loss Report, authored by climate research firm FinRes, showed that the V20 would be 20 [...]
As new UN report sounds alarm on PH climate impacts: Next president should prioritize climate emergency – ICSC
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 adaptation measures. The Intergovernmental Panel on Climate Change (IPCC) launched its Working Group II (WGII) report, its most comprehensive review of climate vulnerability, impacts and adaptation measures since 2014. The report cited the latest research on current and future projected climate impacts to the [...]