November 1, 2021

At the COP26 climate change summit, the Director-General of the Department of Foreign Affairs will highlight the PH agenda

Secretary of the Department of Finance (DOF) Carlos Dominguez III will lead the Philippine delegation to the 26th United Nations (UN) Climate Change Conference of the Parties (COP 26) in this city, where world leaders and other decision-makers will gather beginning Sunday to discuss how to speed up action on reversing the devastating effects of the climate crisis.

Dominguez will highlight the Philippines’ efforts to solve the climate catastrophe, and he is anticipated to demand greater accountability from Western countries that have produced the greatest greenhouse gas emissions and continue to do so.

From October 31 to November 12, 2021, a series of COP 26-related meetings will be held.

Teodoro Locsin, Jr., the Secretary of Foreign Affairs, will also join the group to the 12-day climate summit.

The Philippine Delegation Secretariat, which includes the Department of Foreign Affairs (DFA), the Department of Energy (DOE), and the Department of Environment and Natural Resources, will accompany Dominguez and Locsin (DENR).

The delegation will participate in five priority workstreams, including Common Time Frames of Nationally Determined Contributions (NDCs) and the Enhanced Transparency Framework; Adaptation; Article 6 of the Paris Agreement; Sustainable Finance; and Technology Transfer and Development, in order to promote climate justice and climate finance.

Under the G77 and China coordination sessions, the delegation will also work closely with their peers.

Meanwhile, representatives from each agency will act as substantive negotiators: the Department of Foreign Affairs’ Undersecretary Mark Dennis Joven and Assistant Secretary Paola Sherina Alvarez; the Philippine Permanent Mission to the United Nations in New York’s Leila Lora-Santos; the Department of Energy’s Undersecretary Felix William Fuentabella; and the Department of the Environment’s Director Albert Magalang.

Despite accounting for only 0.3 percent of global greenhouse gas emissions, the Philippines has devised detailed plans to reduce local carbon emissions by 75 percent by 2030.

This bold goal is the country’s first Nationally Determined Contribution (NDC), as part of its commitment to the Paris Climate Agreement.

The Philippines is one of the countries most vulnerable to natural disasters caused by climate change.

Between 2010 and 2019, climate-related dangers cost PHP463 billion in infrastructure, with total damages in 2020 reaching PHP113.4 billion.

There is a 40% risk that the country will lose more than PHP989 billion in the next 50 years, and a 20% possibility that it will lose more than PHP1.53 trillion.

As the Philippines moves to a low-carbon and climate-resilient society, the Sustainable Finance Roadmap and its Guiding Principles are the country’s fundamental blueprint.

The Sustainable Finance Roadmap, developed in collaboration with the government of the United Kingdom (UK) as part of its assistance to the Philippines in implementing the Asean Low Carbon Energy Programme, aims to address policy and regulatory gaps in promoting sustainable investments through finance, implementing sustainable government initiatives, facilitating public infrastructure investments, and developing projects that promote sustainable financing in the Philippines.

The Climate Change Commission (CCC), of which Dominguez is the chairperson-designate, reformed its National Panel of Technical Experts to strengthen capability in enacting meaningful and actionable strategies throughout the various regions (NPTE).

The consulting body, which is made up of experts from many sectors, will provide innovative and practical advise for programs and policies in local communities.

On Nov. 3, Dominguez will give the keynote lecture at the Energy Transition Mechanism (ETM) Launching, which will officially establish an ETM to speed the equitable and scalable transition from coal to renewable energy in Southeast Asia.

Sri Mulyani Indrawati, Indonesia’s finance minister, and Masatsugu Asakawa, President of the Asian Development Bank (ADB), will accompany him.

On the same day, he will participate in the 4th High Level Ministerial Dialogue on Long-Term Climate Finance as a panelist.

On November 8, Dominguez will participate in the Ministerial Dialogue on Adaptation, Loss, and Damage.

Secretary Dominguez will provide the Philippines’ National Country Statement for COP 26 on November 9th.

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