[OPINION] How COP27 impacts the Philippines

'It is hypocritical for the Philippines to keep supporting further use of the same fossil fuels that are clearly harming it in many ways.'

was launched aiming to enhance the climate resilience of 4 billion people by 2030. It consists of 30 outcomes that cover a wide range of actions, including on sustainable agriculture and food production, protection and restoration of land and freshwater ecosystems like mangroves, early warning systems, and access to clean cooking.

The COP27 decision text highlighted the growing needs for different facets of climate action, including the nearly $6 trillion worth of climate-related needs of developing countries by 2030. It also urged the rich nations to finally deliver their pledge of $100 billion every year to support developing countries, which was originally made in 2020 and called on international banks and financial institutions to commit more finance for climate solutions.

This is why the issue of reducing fossil fuel use was a critical topic at COP27. Despite a push by India for a phase-down of all fossil fuels, the final decision remained on course with last year’s statement on “accelerating efforts towards the phase-down of unabated coal power and phase-out of inefficient fossil fuel subsidies.

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