V20 Ministerial Dialogue: XI Securing Shared Prosperity and Sustainable Development in a Climate Insecure World [V20]
by Nabiha Shahab & Denise Fontanilla | October 15, 2023 | Published by V20 | READ THE STORY HERE Marrakech, 15 October 2023 – The Vulnerable Twenty (V20) Group of Finance Ministers, comprising 68 countries from Africa, Asia, the Caribbean, Latin America, the Middle East, and the Pacific, today reiterated their call for urgent reforms in the international financial system. Member ministers also called for recognition of the V20 Finance Ministers as an official group in the International Monetary Fund (IMF). The V20 countries’ comparatively small IMF quotas have resulted in inadequate allocations of SDRs, necessitating a reliance on the [...]
Storms, floods to cost PHL $124 billion by 2050
STRONG STORMS, heavy flooding and prolonged droughts may result in around $124 billion in losses to the Philippine economy between 2022 and 2050, according to research firm GHD. This translates to an average annual gross domestic product (GDP) loss of 0.7% for the Philippines, GHD said in a statement following the release of its report “Aquanomics: The economics of water risk and future resilience.”
DOE readies submission of energy transition plan
by Danessa Rivera | May 15, 2022 | Published by The Philippine Star | READ THE STORY HERE MANILA, Philippines — The incoming administration will have to push harder to develop indigenous and clean power sources to strengthen the country’s resiliency amid global energy issues as the Department of Energy (DOE) prepares a comprehensive report for the transition. DOE Undersecretary Felix William Fuentebella said the agency is coming up with a comprehensive report and proposals to be turned over to the next administration. He said the agency’s energy policy and planning bureau has been collating inputs from other [...]
[Podcast] “Now or never”: Scientists urge mass shift to renewable energy
The Philippines is vulnerable not just to the effects of climate change—think stronger typhoons, and in the unlikeliest of places—but also to global events that affect power supply. Which is why the latest findings of the Intergovernmental Panel on Climate Change matter to us. Speaker: Denise Fontanilla, Associate for Policy Advocacy, ICSC Produced by Teka Teka News Photo: AC Dimatatac/ICSC
[REACTIVE] New UN report: Renewables key to securing energy, economy
Next admin also needs to improve urban mobility, protect biodiversity MANILA, 5 April 2022 – The United Nations’ newest climate change mitigation report released yesterday confirmed that, now more than ever, immediate and deep cuts in emissions combined with systemic, transformative actions across all sectors are key towards achieving an inclusive, resilient, and sustainable economic recovery. The International Panel on Climate Change (IPCC) examined current emission trends across the energy, transport, agriculture, buildings, and industry sectors in its mitigation report, which is the contribution of the Working Group III (WGIII) to the panel’s Sixth Assessment Report (AR6). [...]