PH signs on as host of climate fund

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PH signs on as host of climate fund
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THE Philippines formalized its hosting of the Loss and Damage Fund Board after signing the Host Country Agreement (HCA) on Nov. 12, the second day of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan.

THE Philippines formalized its hosting of the Loss and Damage Fund Board after signing the Host Country Agreement on Nov. 12, the second day of the United Nations Climate Change Conference in Baku, Azerbaijan.The HCA establishes the relationship between the Fund for Responding to Loss and Damage Board and the Philippine government, including the provision of privileges and immunities to the Board.

The Philippines initially expressed interest to host the FrLD Board at COP28 and successfully gained a seat in the Board earlier this year. It was then chosen as host country at the second meeting in July in Songdo, South Korea.On Aug. 28, President Ferdinand Marcos Jr. signed into law Republic Act 12019, or the Loss and Damage Fund Board Act, that grants legal personality and capacity to the FrLD Board.

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Signs On As Host Of Climate Fund

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