PBBM to attend COP28, urge climate finance fulfillment

President Ferdinand Marcos Jr. will attend the UN Climate Change Conference (COP28) in Dubai, UAE, starting tomorrow, November 30.

He stated that the Philippines is poised to lead discussions at the summit and intends to urge global nations to fulfill their financial commitments.

COP28 is expected to finalize recommendations for operationalizing the Loss and Damage fund, and will feature the first Global Stocktake to assess progress toward Paris Agreement goals.

Marcos Jr. hopes his attendance will encourage nations to honor commitments on climate financing to help mitigate the climate crisis.

The conference will also lay the groundwork for a new financing goal to succeed the previous $100-billion target.

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