Philippine government convenes national dialogue to strengthen financial protection against climate risks and impacts
PASIG CITY, 28 August 2025— The Philippine government is taking steps to strengthen the financial protection of Filipino communities from climate- and disaster-related risks through climate and disaster risk finance and insurance (CDRFI). On August 13, the Department of Finance (DOF) convened a national dialogue to inform CDRFI priorities, including those that can be supported by the Global Shield against Climate Risks. A joint initiative of the Vulnerable Twenty (V20) Group of Finance Ministers and the G7 (Group of Seven), the Global Shield against Climate Risks aims to strengthen the financial protection and resilience of climate-vulnerable countries and communities. [...]
Philippines has over 1,800MW potential solar capacity nationwide – ICSC
QUEZON CITY, July 15, 2025 – Covering 174 cities and municipalities across the country, the Institute for Climate and Sustainable Cities (ICSC) found 1,309.64 megawatts (MW) of solar capacity in Luzon, 472.48MW capacity in Visayas, and 61.08MW capacity in Mindanao – amounting to 1,846.08MW nationwide –– through a solar mapping tool launched today. The Solar Power Estimation of Capacities and Tracking Using Machine Learning (SPECTRUM), developed by ICSC, is a proprietary model and web platform that allows users to visualize rooftop solar installations and estimate existing solar capacity across the Philippines. Launched today in Quezon City, the event gathered [...]
Information session takes stock of CSO’s role in climate and disaster risk financing
MAKATI CITY, Philippines— Representatives from civil society organizations (CSOs), non-government organizations (NGOs), and government agencies convened in an information session on the Global Shield against Climate Risks to highlight the critical role of CSOs in climate and disaster financing in the Philippines on April 14, 2025. The session was organized by the Global Shield Secretariat, Institute for Climate and Sustainable Cities (ICSC), and Start Network, co-organized and with the support from Philippine Department of Finance (DOF). The session provided a deep dive on the Global Shield against Climate Risks, a joint initiative of the Vulnerable 20 Group of Finance [...]
Barbados appointed as new presidency of Climate Vulnerable Forum
CVF move towards independence marks strong political will to advance ambitious climate action, ICSC stated DUBAI, December 5, 2023 – The Climate Vulnerable Forum (CVF), a group of 68 member countries highly vulnerable to climate change impacts, has announced Barbados to be its next presidency starting mid-2024 at the World Climate Action Summit on Transforming Climate Finance last December 1. The Summit was hosted by this year’s United Nations Conference of Parties (COP28) in Dubai, United Arab Emirates. In the same event, former Maldives President Mohamed Nasheed was also appointed as the first Secretary-General of the CVF, following the [...]
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 [...]