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The Philippines is now officially the host of Loss and Damage Fund Board, after Department of Environment and Natural Resources chief Ma. Antonia Yulo-Loyzaga signed the agreement at the 29th Conference of Parties in Baku on Tuesday.“For the Philippines living with risks and loss and damage has been part of our history as an archipelago.
""We need all of those sources to contribute to the fund otherwise — as you know, we are also talking about the NCQG," she said.The NCQG is the new climate finance goal that sits as the centerpiece of COP29. Nations need to decide and agree on a new amount that will replace the annual $100B that developed nations pledged to deliver in Paris back in 2015.
COP29 Fund For Loss And Damage
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