Marcos urges ASEAN partners to scale up climate finance

President Marcos has urged partners of the Association of Southeast Asian Nations (ASEAN) to increase climate finance to enable the region to achieve its goals in combating the effects of climate change.

- BY BETHEENA UNITE

In his intervention during the 46th ASEAN Summit plenary in Malaysia on Monday, May 26, Marcos reaffirmed the Philippines' commitment to advocate for scientific and evidence-based solutions to the climate crisis.

He stressed that climate change “is now the most defining and cross-cutting challenge of our time.”

“As one of the most climate-vulnerable regions globally, nearly half of the entire ASEAN population faces significant climate-related risks,” Marcos said in his intervention. “As the host of the Board of the Fund for responding to Loss and Damage, the Philippines will continue to advocate for scientific and evidence-based, investment-led, and transformative solutions to the climate crisis."

Emphasizing that the region is frequently and heavily hit by effects of climate change, he called for “deeper regional cooperation.”