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Phl secures Loss and Damage Fund board seat
The Philippine Star
|December 15, 2023
The Philippines has secured a seat on the Loss and Damage Fund board, which was created to compensate nations most affected by climate change-induced disasters.
"I think this is a good development and we'll keep working to make sure that the Philippines has a very strong voice when it comes to all the issues of climate change, of which we are very severely affected," President Marcos said in a video message posted on Facebook yesterday.
The Loss and Damage Fund was a major outcome of COP27, or the 2022 UN Climate Change Conference held in Egypt.
It intends to support countries, such as the Philippines and other island states, that are struggling to cope with loss and damage caused by climate change beyond adaptation.
Marcos said the Philippines' seat on the board would give the country "a very strong voice" in the management of all funding that is available around the world for climate change mitigation and adaptation.
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