Multi-sector group to be set up to boost financial protection from disaster risks [BusinessWorld]

2023-02-23T12:25:51+08:0023 Feb 2023|Tags: , , , , , , |

A HOUSE panel approved on Wednesday a resolution creating a multisectoral group that will enhance the country’s financial protection against climate and disaster risks, especially for the most vulnerable sectors. Bohol Rep. Edgar M. Chatto, author of House Resolution No. 213, told the climate change committee that the Philippines must boost its climate and disaster risk financing and insurance (CDRFI) mechanisms to provide social protection to communities that suffer the most from the impact of extreme weather patterns.

Congress adopts resolution on climate and disaster risk financing

2023-02-22T15:36:12+08:0022 Feb 2023|Tags: , , , , |

The Standing Committee on Climate Change of the House of Representatives adopted today House Resolution No. 213, which supports the establishment of a Multi-Actor Partnership (MAP) on the enhancement of climate and disaster risk financing and insurance (CDRFI) in the Philippines. The resolution was sponsored by Climate Change Committee chair and Bohol First District Representative Edgar M. Chatto.

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