News Formal

Philippines Praises at COP29 Amidst Global Finance Goal Disappointment

  • 📰 gmanews
  • ⏱ Reading Time:
  • 15 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 68%

Environment News

CLIMATE NEGOTIATIONS,GLOBAL FINANCE GOAL,LOSS AND DAMAGE

Despite an alarming failure in negotiations for a new global finance goal at COP29, the Philippines has been praised for its strong stance on including loss and damage in the finance discussions, reflecting its leadership in climate governance.

After what we observed at the 2024 UN climate negotiations , it looks like the Philippines' leadership in global climate governance is starting to trend in the right direction once again.While the negotiations on a new global finance goal to support the climate actions of developing nations ended in an alarmingly disappointing note, the efforts of the country's negotiators and staff deserve praise for holding their ground for most of the conference in a way that others did not.

Did we improve from last year?The lack of guarantees for social and environmental safeguards is one of the main issues for NGOs and community representatives in a few dialogues with Philippine government officials, including some that took place at the sidelines of COP29.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COP29 Delivers Climate Finance Deal Amidst Tensions and Trump's VictoryThe UN climate summit, COP29, in Baku, Azerbaijan concluded with a hard-fought agreement on climate finance, two days past the deadline. While nations celebrated this achievement, concerns remain about the low annual target, the 2035 deadline for achieving ambitious goals, and the impact of Donald Trump's election victory on US climate commitments.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Fragile countries make $20 billion climate finance push at COP29, letter saysCountries mired in conflict and its aftermath say they have struggled to access private investment as they are seen as too risky
Source: rapplerdotcom - 🏆 4. / 86 Read more »