President Ferdinand “Bongbong” Marcos has raised before world leaders three “serious global problems” critical to rapid economic recovery.
BANGKOK, Thailand—
“First, food security is a serious global problem. This is felt by every household, by every family, by everyone. The issues that the world faces now – from climate change, to inflation, to war – are viewed by the ordinary Filipino through the lens of food security,” Marcos said as he joined two other leaders namely Robert E. Moritz, Global Chairman of PricewaterhouseCoopers, and Klaus Schwab, Founder and Chairman of World Economic Forum, in the forum.
He added that “the current conflict between two of the world’s largest agricultural producers has led to a scarcity of grains and fertilizers felt painfully across the globe.” He stressed that the government cannot afford another crippling series of lockdowns and travel bans that deflate consumer confidence, dampen the recovery of tourism, and derail the stability of global markets.
He brought up the Philippines’ initiative to combat climate change by achieving a higher share of renewable energy in the power generation mix of 35 percent by 2030 and 50 percent by 2040. “The Conference of the Parties to the UNFCCC is in full swing, but stronger climate action is required. As the energy demands of the modern global economy continue to expand rapidly, diversification into renewables and other sources is imperative,” he said.
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