Jauhn Etienne Villaruel

Students walk during a heavy downpour in Mandaluyong City on August 23, 2022.  George Calvelo, ABS-CBN News/File

Article (news)

WEATHER-FLORITAPH

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/173319890567220220823-florita-class-supsension-ncr-GC-8.jpg" style="width:950px" class="fr-fic fr-dib" alt="Students walk during a heavy downpour in Mandaluyong City on August 23, 2022.  George Calvelo, ABS-CBN News/File"/><span class="fr-inner" style="text-align:left">Students walk during a heavy downpour in Mandaluyong City on August 23, 2022. <em> George Calvelo, ABS-CBN News/File</em></span></span></span></div><p>MANILA — President Ferdinand Marcos Jr. on Monday said he wants board members of the Loss and Damage Fund (LDF) to be based in Manila as he considers their work &quot;urgent&quot; amid the Philippines&#x27; &quot;increasing disaster risks.&quot;</p><div><a href="https://www.abs-cbn.com/news/2024/7/10/what-should-the-ph-bring-to-table-as-host-of-loss-and-damage-fund-board-2001">What should the PH bring to table as host of Loss and Damage Fund Board?</a></div><p>&quot;We’re working very hard for the board to be based here in Manila because [of] its supreme importance for the Philippines, because of all of the risks that we are bracing [for], because of climate change,” Marcos said as he welcomed the members of the board in Malacañang.</p><div><a href="https://www.abs-cbn.com/news/2024/7/9/ph-elected-as-climate-change-loss-and-damage-fund-board-host-2047">PH elected as climate change loss and damage fund board host</a></div><p>Marcos has yet to provide details of where exactly the board&#x27;s headquarters will be established. </p><p>In July, the Philippines was elected to host the board of the LDF, the panel “entrusted with the operation of the Financial Mechanism of the Convention, which would also serve the Paris Agreement.&quot;</p><p>Its mandate includes “a focus on addressing loss and damage to assist developing countries that are particularly vulnerable to the adverse effects of climate change.&quot;</p><div><a href="https://www.abs-cbn.com/news/2024/11/19/asean-member-states-seek-loss-and-damage-fund-for-disasters-1003">ASEAN member states seek loss and damage fund for disasters</a></div><p>Marcos cited the record disasters that hit the Philippines in the past weeks in his pitch to make the board based in Manila.</p><div><a href="https://www.abs-cbn.com/news/2024/11/14/nasa-philippines-overlapping-storms-unusual-653">NASA: Philippines’ overlapping cyclones ‘unusual’</a></div><p>“That’s how urgent we consider the board’s work and how it is important to us that you work here in Manila, in the Philippines,” he said.</p><p>The 26-member LDF board is composed of 12 members from developed country Parties and 14 members from developing country Parties.</p><div><a href="https://www.abs-cbn.com/business/2024/8/19/senate-oks-blue-economy-loss-and-damage-fund-board-acts-1936">Senate OKs Blue Economy, Loss and Damage Fund Board Acts</a></div><p>The fund was established to address loss and damage, or the “negative consequences that arise from the unavoidable risks of climate change, like rising sea levels, prolonged heatwaves, desertification, the acidification of the sea and extreme events, such as bushfires, species extinction and crop failures,” as defined by the United Nations Environment Program.</p><div><strong>RELATED VIDEO</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/6WnyD_jdL7w?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>President Ferdinand Marcos Jr. said he wants board of the Loss and Damage Fund to be based in Manila as he considers their work "urgent" amid the Philippines' "increasing disaster risks."</p>

President Ferdinand Marcos Jr. said he wants board of the Loss and Damage Fund to be based in Manila as he considers their work "urgent" amid the Philippines' "increasing disaster risks."

Marcos wants board of Loss and Damage Fund to be based in Manila

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Marcos wants board of Loss and Damage Fund to be based in Manila

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Published Dec 03, 2024 12:54 PM PHT

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