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DFA: Marcos to bat for hosting of climate fund at ASEAN-Japan Summit
President Ferdinand "Bongbong" Marcos Jr. will seek support from ASEAN members and other participating nations, including Japan and Australia, for the Philippines' bid to host the board of the Loss and Damage Fund.
He will make this appeal during the Asia Zero Emission Community meeting.
The Philippines believes hosting the fund's board would symbolize inclusivity and ensure the needs of countries most vulnerable to climate change are addressed.
DFA Assistant Secretary Daniel Espiritu confirmed that support will be sought from all participants of the meeting.
Environment Secretary Maria Antonia Yulo-Loyzaga stated the Philippines is most qualified to host due to its direct experience with climate change impacts.
The country has also expressed intent to secure a seat on the board to voice its opinion on fund distribution.
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The Philippines is formally bidding to host the Loss and Damage Fund at COP28, a global fund established to assist vulnerable nations in coping with the devastating effects of climate change.
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The Philippines has secured a seat on the inaugural board of the Loss and Damage Fund during COP28, which Environment Secretary Ma. Antonia Yulo-Loyzaga confirmed on Thursday, December 14.
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Environment Secretary Maria Antonia Yulo-Loyzaga stated that the Philippines is the "most qualified" to host the board of the loss and damage fund (LDF), citing the country's vulnerability to climate change impacts and its role in promoting equitable global commons governance.
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