Philippines urges rich countries to deliver climate finance pledged to vulnerable nations

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This photo taken on September 7, 2021 shows residents and electric company personnel trying to repair a fallen electric post next to an uprooted coconut tree at a village in Hernani town, Eastern Samar province, central Philippines, a day after Tropical Storm Conson made its first landfall in the town.

AFP/Blissy Vista

 

MANILA, Philippines — The Philippines is calling on wealthy nations to make good on their commitment to provide financing to developing countries to help them bolster their defenses against climate change.

 

In a speech delivered at the Asian Infrastructure Investment Bank’s annual meeting Wednesday night, Finance Secretary Carlos Dominguez said the Philippines is "not yet a financial powerhouse" but is already moving to address climate change.

 

"Clearly, the Philippines is moving with urgency. But we have seen very little funding and actions promised by Western countries to materialize. All that has been done is talk without concrete action," Dominguez said.

 

Full Story: https://www.philstar.com/headlines/climate-and-environment/2021/10/28/2137319/philippines-urges-rich-countries-deliver-climate-finance-pledged-vulnerable-nations

 

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