THE Climate Change Commission said it will push for the creation of global funding for climate adaptation during the 28th United Nations Climate Change Conference in the United Arab Emirates next month.
“Basically, it is for rehabilitation and construction. What we want is preventive adaptation,” Borje said in a recent press conference. The PSF Board led by the Department of Finance has approved P887.63 million worth of adaptation projects. During COP28, participating countries are expected to discuss the form of the fund, as well as which countries should fund it and benefit from it.
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