Multistakeholders commit to accelerate just transition toward climate-smart, climate-resilient PH by 2050

 




New Zealand Ambassador to the Philippines Peter Kell, Securities and Exchange Commissioner McJill Bryant Fernandez, Climate Change Commissioner Albert P. Dela Cruz, and Philippine Stock Exchange, Inc. Chief Operating Officer Atty. Roel Refran were among those who signed the Statement of Commitment on climate investment and just transition during the Climate Investment Forum 2022, Monday, 21 November 2022 in Novotel Manila.



MANILA, 22 November 2022 – Multistakeholders commit to boost investment for climate and sustainability initiatives and accelerate just transition to achieve a climate-smart and climate-resilient Philippines by 2050


Government leaders, business and financial sectors, and civil society organizations signed a Statement of Commitment ensuring availability and accessibility of financing mechanisms for climate and sustainability projects. It also supports the acceleration of the Philippines’ low-carbon development and just transition from coal to renewable energy.


Recognizing the imperative for an effective, collective response to the urgent threats of climate change, the commitment also includes the stakeholders’ deployment of innovative interventions with sustainable, positive impacts on supply chains and value chains.


New Zealand Ambassador to the Philippines Peter Kell, Securities and Exchange Commissioner McJill Bryant Fernandez, Philippine Stock Exchange, Inc. Chief Operating Officer Atty. Roel Refran, and Climate Change Commissioner Albert P. Dela Cruz led the ceremonial signing during the Climate Investment Forum (CIF) 2022 organized by the Climate Change Commission (CCC) on 21 November in Quezon City. It forms part of the commemoration of the 15th Global Warming and Climate Change Consciousness Week (CCC Week 2022).


“In the spirit of ‘No One Should Be Left Behind” in the Sustainable Development Goals, this statement of commitment is not just for us, but for our children and the children of our children,” said CCC Commissioner Dela Cruz.


“Fighting the impacts of climate change comes at a cost. As a developing country that is at risk, the Philippines needs all the help we can get from both the public and private sectors, and indeed the international community through investments on adaptation and mitigation actions,” said Vice Chairperson and Executive Director Robert E.A. Borje.


"The private sector—both being contributory and vulnerable to climate impacts—must see the value of these investments in growing their businesses, insulating their people and operations from climate shocks, avoiding emissions that exacerbate global warming and climate change, and how these can ultimately influence our ways of life for the better," said CCC Commissioner Rachel Anne Herrera.


With the theme “Sama-samang Tumutugon sa Hamon ng Nagbabagong Klima,” CCC Week 2022 draws together various climate change and environment stakeholders in the Philippines in a collective push toward transforming climate change commitments into action towards a climate-smart and climate-resilient Philippines. 


Pursuant to Presidential Proclamation 1667 s. 2008, the CCC spearheads the annual observance of the Global Warming and Climate Change Consciousness Week every November 19th to 25th, aimed at raising consciousness on addressing the impacts of the changing climate.


For more information about the ceremonial signing and the CIF, visit the social media accounts of the CCC using @CCCPhl or visit its website at https://climate.gov.ph. ###


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