The EU has agreed to “operationalize” the Green Climate Fund to help developing countries tap financing for their climate projects, following a meeting in Brussels between President Ferdinand R. Marcos, Jr. and European Council President Charles Michel.
Floods are seen in Calumpit, Bulacan in this file photo. — PHILIPPINE STAR/ MICHAEL VARCAS
Mr. Michel was quoted in the statement as saying that the EU is ready to work with the Philippines on integrating green technology into government operations.nance their climate-mitigation efforts, since the developed world is most responsible for the bulk of the greenhouse gas emissions that are causing climate change.
“The clock is ticking for the Philippines, and the money needed for climate action cannot be mobilized fast enough,” the ADB said in a blog post. “The entry into force of the Regional Comprehensive Economic Partnership or RCEP, the ongoing review of existing trade agreements, and ASEAN’s initiatives to facilitate the trade of essential goods demonstrates the region’s push to maintain an open, free, and fair trade,” he said.
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