The Philippine delegation to the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai has promoted the country’s qualifications to host the proposed climate change “board of loss and damage fund,” Malacañang said on Sunday. Board seat eyed“Our commitment to multilateralism, strengthened international cooperation and global solidarity remains steadfast, recognizing that no single country can tackle the complexities of climate change alone,” she added. Yulo-Loyzaga said the country is also seeking a seat in the inaugural board of the fund. ADVERTISEMENTAccording to news reports, the initial funding worth around $429 million will come from the European Union, United Kingdom, United States and Japan. The World Bank will also serve as the interim host and trustee for the fund.

Source: Philippine Daily Inquirer December 10, 2023 22:02 UTC