[Delivered by Undersecretary Rowena Cristina L. Guevara] Your Excellencies, esteemed members of the diplomatic com- munity, development partners, members of the foreign and local chambers of commerce, officers and members of the editorial board of the Philippine Business Daily Mirror led by Mr. Edgard Cabangon, Mr. Anton Cabangon and Ms.
Your Excellencies, esteemed members of the diplomatic com- munity, development partners, members of the foreign and local chambers of commerce, officers and members of the editorial board of the Philippine Business Daily Mirror led by Mr. Edgard Cabangon, Mr. Anton Cabangon and Ms. Chuchay Fernandez, friends, ladies and gentlemen, Good evening and thank you for the privilege of addressing such a distinguished gathering.
The Philippines’ selection as the host of the Loss and Damage Fund is a recognition of our situation as one of the most vulnerable countries to the impacts of climate change.
Singapore, having expressed its intent to collaborate with the Philippines on the transfer of carbon transition credits through the TRACTION initiative, has signed a Memorandum of Understanding with the Philippines to outline the process for developing a legally binding Implementation Agreement and identifying potential Article 6-compliant mitigation activities which can support achievement of respective Nationally Determined Contributions.
The country’s three major island grids are now physically connected and will allow the transmission of electricity generated from power plants located in the Mindanao region to power grids in the Visayas and Luzon and vice versa.
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