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Philippines Praises at COP29 Amidst Global Finance Goal Disappointment

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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.

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