Pinas sa ADB: Asean info exchange on climate action pangasiwaan

Pinas sa ADB: Asean info exchange on climate action pangasiwaan

June 13, 2022 @ 8:45 AM 2 weeks ago


MANILA, Philippines – Itinutulak ng Pilipinas ang regional information exchange on climate action, itinayo para pangasiwaan ng Manila-based Asian Development Bank (ADB).

Sa isang kalatas, sinabi ng Department of Finance (DOF), hinikayat kamakailan ni Finance Secretary Carlos Dominguez III, chairman din ng Climate Change Commission (CCC), ang ADB na “spearhead an Asean-wide initiative that would enable member-countries of the regional organization to exchange information and best practices on localized climate adaptation and mitigation programs.”

“Climate change might be a global problem. The issue, however, exhibits itself most starkly in our smallest communities. I am sure that the ADB will be ready to help us promote the exchange of climate change action and adaptation practices among the Asean countries,” ayon kay Dominguez noong Hunyo 3 nang ang Philippine government at ADB ay nagkaroon ng pagpapalitan ng dokumento para sa dalawang loan agreements.

Isa sa dalawang bagong loan ng ADB ay para sa host-country nito ay ang $250-million na ipopondo para sa climate change action program (sub-program 1) ng Pilipinas— itinuturing na first-of-its-kind climate policy-based loan ng bangko, dahilan upang mapabilang ang bansa sa mga pioneers sa climate-related development financing.

Sinabi ni Dominguez na ang kanyang panukala para sa intra-Asean climate information exchange ay “a better option than relying solely on international fora such as the annual United Nations (UN) Climate Change Conference of the Parties (COP) which focuses on the big picture in tackling the climate crisis, and usually overlooks solutions tailor-fit for local communities.”

Kasunod ng kanyang pagdalo sa COP26 in Glasgow noong nakaraang taon, ang UK, inihayag ni Dominguez na ang mga mayayaman at industrialized countries na nakadudumi sa planeta ay nananatiling mabagal na matupad ang kanilang climate finance commitments upang mapaghaan ang paghihirap mula sa developing nations gaya ng Pilipinas.

Isa sa mga bansang kinokonsidera bilang “most vulnerable to climate change,” ang Pilipinas ay nangako na tatapyasin nito ng 75% ang greenhouse gas emissions sa taong 2030 sa ilalim ng Paris Agreement.

Maliban sa ADB lending, mayroon ding hiwalay na 150-million euro loan ang Pilipinas, ito’y mula naman sa French government’s aid arm Agence Française de Développement (AFD), para sa climate change action program nito.

“This initiative will hopefully encourage other countries to design and accelerate the implementation of their own climate programs. This sends a very strong signal to the international community that the Philippines is fully committed to deliver on our climate ambitions. We hope to inspire other emerging economies not only with our determination but also with innovative financial systems,” ayon kay Dominguez.

“We owe it to the Filipino people to build the nation’s resilience against climate change. We cannot wait for the industrial economies to break their inertia and accept the urgency of reducing greenhouse gas emissions and providing climate finance to vulnerable countries. We share only one planet. The whole world must act as one before global warming becomes a tsunami we can no longer push back,” dagdag na pahayag ni Dominguez.

Palaging sinasabi ni Dominguez sa mga foreign investors na hangad ng Pilipinas na itaas ang climate resiliency funds, “on its own” ng bahagya sa pamamagitan ng “green bonds” habang ang mga developed countries ay hindi pa natutupad ang kailang financing commitments para suportahan ang mga “mahihirap na bansa” sa panahon ng clean energy transition sa ilalim ng Paris Agreement.

“Last April, the Philippines raised 70.1 billion yen from a four-tranched, yen-denominated green samurai bonds offering, on top of its maiden green bonds foray in March through which $1-billion worth were borrowed in the offshore debt market,” ayon sa ulat.

“The Philippines’ sustainable finance framework launched last year aimed to raise green, social or sustainability bonds and loans, among other debt instruments, in international capital markets to borrow funds for programs and projects geared towards fighting climate change and promoting inclusive growth,” dagdag nito. Kris Jose