Philippines receives climate finance commitment from Canada - Reuters
Philippines receives climate finance commitment from Canada | Reuters
Philippines receives climate finance commitment from Canada
MANILA, Dec 6 (Reuters) - (This Dec. 6 story has been corrected to reflect that $5.3 billion is Canada's total international commitment, not just for the Philippines, in the headline and paragraph 1)
The Philippines and the United Nations Development Programme have a commitment from Canada on climate finance, the president's office in Manila said on Wednesday.
The collaboration and finance commitment will run until 2026 and Canada will support the Philippines in promoting biodiversity conservation, climate change mitigation, adaptation, and resilience with consideration for gender equality, the Philippines' presidential office said.
The UNDP said the Philippines is included as part of a total international climate finance commitment by Canada of $5.3 billion.
Reporting by Neil Jerome Morales; Editing by Martin Petty
Our Standards: The Thomson Reuters Trust Principles.
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29