The Philippines has been chosen to host the Board of the Fund for responding to Loss and Damage (FrLD), a global fund established by the United Nations to assist vulnerable developing countries affected by climate change. Ibrahim Cheikh Diong, the inaugural executive director of the FrLD, highlighted the significance of the Philippines' role in articulating climate change concerns and sharing its experiences with other nations.
Malacañang press briefer Daphne Oseña-Paez interviews Ibrahima Cheikh Diong, inaugural executive director of the Board of the Fund for responding to Loss and Damage.The Philippines is now in a good position to articulate its concerns on climate change and extreme weather after its selection as host country of the Board of the Fund for responding to Loss and Damage .
- Advertisement - Ibrahima Cheikh Diong, the inaugural executive director of the Board of the FrLD, said being a member of the board and host of the fund was an added value for the Philippines. “Being on the Board obviously is an opportunity for the country to voice its concerns from the perspective of the Philippines. The other countries can learn from the Philippine example, and it can learn from other countries,’ Diong said. The selection of the Philippines as host country of the FrLD is “very symbolic” and will showcase all the good work the government is doing towards climate change adaptation, the head of the global fund that will support climate-vulnerable countries said. In an interview with Malacañang press briefer Daphne Oseña-Paez, Diong praised President Ferdinand Marcos Jr. for his vision and dedication to the climate fund’s success. The United Nations established the Fund with contributions from developed countries to assist vulnerable developing countries that have suffered losses and damages from climate change. The board, comprising 26 members from developed and developing countries, will manage and supervise the fund, which has received over $700 million in pledges from developed countries. The Philippines, one of the countries most vulnerable to extreme weather caused by climate change, was selected as the Fund’s “home” in Dubai last year. Following COP29 in Baku, Azerbaijan last month, the board held its fourth meeting on December 2-5 at the Philippine International Convention Center. Diong expressed hope that President Marcos’ support would inspire other heads of state to become champions of the Fund.The Board meeting came on the heels of last month’s 29th session of the Conference of Parties , the international meeting focusing on climate change, the main decision-making body of the United Nations Framework Convention on Climate Change .Diong cited the efforts of the Department of Environment and Natural Resources team for the success of the recently concluded Fund Board meeting, describing as “remarkable” how it managed to mobilize the government, into believing in the Fund. In Baku, Diong cited that the Philippines speaks eloquently about its commitment to make the Fund a success. Diong said that while progress has been made towards operationalizing the Fund since it was established last year, “we still have a long way to go” in converting the pledges into actual funding. “We are moving slowly but surely on the pledges. We can do two things at the same time: converting the pledges and mobilizing additional resources so we can meet the demands of the vulnerable countries,” Diong said.
Please follow us on Google to support us Climate Change Loss And Damage Fund Philippines United Nations Global Cooperation
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank Receives $68.95 Million for Loss and Damage FundThe World Bank has received $68.95 million, 9% of the $749.25 million pledged to the Loss and Damage Fund, aimed at helping developing countries deal with irreversible climate impacts. Contributions have come from various countries, but the sum is still considered insufficient by climate experts.
Read more »
WTO Chief Urges Philippines to Join Women Exporters in Digital Economy FundWorld Trade Organization (WTO) Director General Ngozi Okonjo-Iweala urged the Philippines to apply to be an in-country partner for the $50-million Women Exporters in the Digital Economy (WEIDE) Fund aimed at boosting women-led businesses. The fund currently has no local counterpart initiative.
Read more »
Phase 1 of Loss and Damage Fund: Community efforts, ensuring accessLoss and Damage Fund Executive Director Ibrahima Cheikh Diong says it is a priority to transform pledges into resources, and make sure they are accessible to Filipinos affected by disasters
Read more »
UN loss, damage fund hopes to learn from PH resilience buildingSunStar Publishing Inc.
Read more »
‘Hosting of Loss and Damage Fund bodes well for PHL’THE selection of the Philippines as the host country of the Board of the Fund for responding to Loss and Damage (FrLD) is “very symbolic” and will showcase all the good work the government is doing toward climate change adaptation.
Read more »
Landslide Damage Worsens in Quezon, PhilippinesA landslide in Lopez, Quezon, Philippines, has caused further damage to the Lopez-Hondagua Road, restricting traffic to light vehicles. Homes near the road have been pushed down, and the incident has also disrupted train tracks and raised roads in several parts of the town. The landslide occurred on December 14, destroying at least 15 houses and damaging many more. Residents have evacuated their homes due to safety concerns.
Read more »