The Philippines, hosting the inaugural meeting of the Fund for Responding to Loss and Damage (FRLD) board at the UNFCCC, aims to secure substantial climate finance. Camarines Sur Rep. Luis Raymund Villafuerte expressed optimism about securing international financial support during the meeting.
The Philippines, described as a 'living laboratory' for climate risks, recently faced a series of severe tropical cyclones, including Kristine, Leon, Marce, Nica, Ofel, and Pepito, which led to significant casualties and damage. Secretary Ma. Antonia Loyzaga emphasized the need for strong multilateral action and adequate resources to address climate vulnerability
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