A growing proportion of climate-vulnerable countries are already in or at risk of being in a financial crisis. In Eleventh Hour this week, we wrote about the need for multilateral development banks to provide the Global South with opportunities to course-correct its debt problems while delivering its climate commitments under the Paris Agreement.
In our column Eleventh Hour this week at the Manila Bulletin, Climate Reality Leader Kristine Galang delved into how “loss and damage” caused by the climate crisis is diminishing the already scarce resources in the country intended to support critical economic, social, and development programs.
For the first edition of #RealiTalk this 2023, we talked to Pinoy Climate Reality Leader Alex Rosas on recent developments in international climate finance and loss and damage negotiations and actions.
Although it only accounts for about 0.3% of global emissions, the Philippines is extremely vulnerable to the impacts of climate change and disasters due to its geographic location.
In line with this, we talked to our counterparts in The Climate Reality Project in the US to lay out what’s at stake for the country in the ongoing #COP26 in Glasgow.
The Climate Reality Project Philippines launched today its energy literacy campaign called Murang Kuryente, Masiglang Pamayanan in line with its efforts to sustain the momentum gained by renewable energy development in the country in the past year.
The launch coincides with the global day of action led by former US Vice President Al Gore, founder and chairperson of The Climate Reality Project, entitled “24 Hours of Reality: Let’s Get Real.” The goal of this global movement is to rally people around the world to demand the real policy change required to cut fossil fuel emissions and transition to a just clean-energy economy.
Corporate directors stress the urgency to fast track the energy transition in the country, heeding the Code Red warning issued by the United Nations Framework Convention on Climate Change (UNFCCC) earlier this year.
“Evidence clearly shows even before the pandemic that coal has been intermittent and unreliable. As households and the private sector struggle with the economic impacts of COVID-19, data also shows coal is the reason behind spiking electricity bills and rotating blackouts. Continuing with coal is Code Red for businesses,” said Jephraim Manansala, chief data scientist of the Institute for Climate and Sustainable Cities (ICSC), in the first part of the Pilipinas: Aspire, Rise, Sustain corporate governance series organized by the Institute of Corporate Directors (ICD) with ICSC and The Climate Reality Project Philippines.
