PHL: A Crucial test case for the Loss and Damage Fund

Quick Summary:

The recent developments surrounding the Loss and Damage Fund (FrLD) during the 29th Conference of Parties (COP 29) in Baku, Azerbaijan mark a pivotal moment for the Philippines and for climate-vulnerable nations around the globe.

With the signing of the Host Country Agreement by Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga and the FrLD Board Co-Chairs, the Philippines is poised to play a critical role in shaping the operational framework of this much-anticipated fund.(Read the BusinessMirror story: "Loyzaga: PHL may be test case for Loss/Damage Fund,” November 14, 2024).

The swift legislative support from Congress and President Marcos in establishing the Loss and Damage Fund Board Act is commendable.

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Article Details

Author / Journalist: BusinessMirror Editorial

Category: BusinessStartups

Markets: PhilippinesAzerbaijanEgypt

Topics: Editorial Opinion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 16:03:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23635429

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #37

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