Climate finance accountability needed from both donor and recipient countries – experts at COP29
BAKU, 22 November 2024 –– The 29th Conference of Parties of the United Nations Framework Convention on Climate Change (COP29) concludes today, and as negotiations progressed to agree on a New Collective Quantified Goal (NCQG) on Climate Finance in the past two weeks, experts from civil society from the Philippines, Ghana, and South Africa emphasized the need for accountability from both donor and recipient countries to effectively address challenges in mobilizing climate finance. “It is everyone’s responsibility to take part in ways of improving the systems that can support a full realization of an accountability approach that holds developed [...]
Gov’t, academe, private sector commit to advance climate finance in PHL
A broad range of stakeholders led by legislators, national agencies, and non-government groups pledged together to accelerate the roll out of climate and disaster risk finance and insurance (CDRFI) initiatives to protect vulnerable communities from the worsening impacts of climate change.
Make climate finance pro-poor, equitable, and people-centered – Asian countries
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 and disaster risk finance and insurance (CDRFI) is thus central to the response to such an existential threat by making urgently needed resources available and by providing more inclusive and responsive services. Through CDRFI, countries can develop stronger, more coordinated climate change and disaster [...]
DOF Sec. Dominguez underscores need for climate-smart insurance in vulnerable economies
MANILA, 16 August 2019 – “The Philippine government is keen on strengthening its policies on climate financing,” Department of Finance (DOF) Secretary Carlos Dominguez stated in his remarks for today’s forum on climate-smart micro, small, and medium enterprise (MSME) insurance in vulnerable and emerging economies. “The challenges posed by climate change demand all hands be on deck,” Dominguez said in his statement, which was read in the forum by DOF Assistant Secretary Paola Alvarez. “Green financing will allow us to mobilize investments, from the wider use of renewable energy to improving the resilience of our communities.” The forum was [...]