At COP28, Philippines amplifies bid to host world’s climate disaster fund
The Philippine government wants to be the host for the global fund that will help poor countries deal with the adverse impacts of climate change, given that it is one of the countries most vulnerable to climate devastation.
Full story: https://www.rappler.com/philippines/bid-host-world-climate-loss-damage-fund-cop28-december-2023/
Full story: https://www.rappler.com/philippines/bid-host-world-climate-loss-damage-fund-cop28-december-2023/
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00:00 The Philippine government wants to be the host for the global fund that will help poor countries deal with the adverse impacts of climate change.
00:08 During the 28th United Nations Climate Change Conference or COP28 in Dubai, UAE, the Philippines says it is qualified to host the Loss and Damage Fund given that it is one of the countries most vulnerable to climate devastation.
00:22 Environment Secretary Maria Antonia Yulo-Loyzaga adds the Philippines is eyeing a seat in the Loss and Damage Fund board.
00:29 So far, a total of $720 million in pledges were made for the Loss and Damage Fund.
00:35 The amount comes from the European Union and countries such as the United Arab Emirates, Germany, Britain, United States, Japan, and Italy.
00:44 Meantime, COP28 President Sultan Al-Jaber denies he doesn't respect climate science.
00:50 The Guardian story quotes Jaber saying, "There is no science out there or no scenario out there that says that the phase-out of fossil fuel is what's going to achieve 1.5 degrees Celsius."
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