Climate finance key to economic resiliency – experts

2021-02-03T00:20:42+08:0002 Feb 2021|Tags: , , , , , , |

The Philippines can utilize climate change and energy transition financing to ensure a thriving, resilient economy, especially with the Department of Finance at the helm, according to two climate finance experts. “Climate finance is crucial, but is limited. We need solid plans to maximize every peso that we have for climate action,” said Angelo Kairos [...]

Sotto, Velasco, Legarda, Chatto join solons’ global call for climate action

2020-11-30T21:20:40+08:0025 Nov 2020|Tags: , , , , , , , , , |

25 November 2020, DHAKA — Senate President Vicente “Tito” Sotto III, House Speaker Lord Allan Velasco, House Deputy Speaker Loren Legarda, and House Committee on Climate Change Chair Edgar Chatto last night met virtually with fellow lawmakers from the 48-member-nation Climate Vulnerable Forum to call for more ambitious climate action globally. Legislators from the Philippines and [...]

Climate Vulnerable Countries Call on all Nations to Submit Improved NDCs by Midnight on 31 December 2020  – a Survival Deadline for the Climate

2020-10-08T11:46:21+08:0008 Oct 2020|Tags: , , , , , |

7 October 2020, DHAKA/NEW YORK: The leaders from the world’s most climate vulnerable nations called on all countries to fulfil their commitments under the Paris Agreement, and submit improved Nationally Determined Contributions (NDCs) by midnight on 31 December 2020, a survival deadline for the climate. The NDCs are commitments of what each country is [...]

ICSC shares climate finance insights in UNFCCC-ASEAN workshop

2019-10-30T16:33:21+08:0030 Oct 2019|Tags: , , , , , , , , |

We shared insights today in the second day of the workshop organized by the finance secretariat of the United Nations climate convention for ASEAN countries in Park Inn by Radisson in Quezon City. The event, a technical workshop on needs-based climate finance mobilization and access strategies which began yesterday, enjoyed views shared by Cambodia, Indonesia, Malaysia, Brunei [...]

Press Release: Vulnerable countries to insure MSMEs amidst worsening climate disasters

2019-09-25T15:55:12+08:0024 Sep 2019|Tags: , , , |

DOWNLOAD PDF Vulnerable countries to insure MSMEs amidst worsening climate disasters MSMEs account for 29% of GDP and employ 78% of workforce in vulnerable economies NEW YORK, 22 Sept 2019 – The Vulnerable Twenty (V20) group of economies today rolled out its Sustainable Insurance Facility (SIF) to protect micro, small and medium-sized enterprises [...]

DOF Sec. Dominguez underscores need for climate-smart insurance in vulnerable economies

2019-08-17T06:46:44+08:0016 Aug 2019|Tags: , , , , , , , , |

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 [...]

Cash, political will: Coessential tools vs catastrophic impact of climate change

2019-05-10T14:45:17+08:0009 May 2019|Tags: , , , , , , |

Reposted from BusinessMirror By Cai Ordinario - May 9, 2019 NADI, Fiji—The greenback may lead to greening the earth, so some believe. However, for experts at a conference here last week, money is just one of the weapons in this perennial contradiction of man against nature as the latter appears to have the upper hand. At [...]

Vulnerable countries and international partners announce collaboration to climate­-proof economic growth

2019-04-12T14:29:20+08:0012 Apr 2019|Tags: , |

Washington DC, 11 April 2019 — ­­ Finance Ministers from V20 Group of vulnerable economies today announced new financial instruments in collaboration with international partners at the Spring Meetings of the World Bank Group and International Monetary Fund to ensure continued global economic growth in the face of increasing threats from climate change. The group aims [...]

Vulnerable economies call for accelerated financial shift

2019-02-09T23:40:32+08:0014 Oct 2018|Tags: , , , , , |

Bali, 14 Oct 2018 – Finance Ministers from the V20 Group of climate vulnerable countries today sought large-scale changes to global finance flows, saying the funding shift needs to happen sooner, covering far larger amounts that can help protect economies from the worsening impacts of climate change. Convening at the World Bank-IMF Meetings in Bali, [...]