PBBM underscores importance of Fund for Responding to Loss and Damage to calamity-prone nations

PTVPhilippines

PBBM underscores importance of Fund for Responding to Loss and Damage to calamity-prone nations  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The designation of the Philippines as this year's host for the fund responding to loss and damage is much appreciated by the government

00:07Which seeks to have a permanent office base in the country?

00:11PTV's Mella Lesmora tells us more on the president

00:14Getting his audience up to speed on the relevance of the loss and damage fund to the country in this report

00:21As a nation considered highly vulnerable to climate change

00:25President Ferdinand R. Marcus jr

00:27emphasized the importance of the fund for responding to loss and damage or

00:32FRLD in addressing the impacts of changing weather patterns and disasters affecting the country in

00:392023 the loss and damage fund board was established during the United Nations climate change conference

00:45To mobilize funds and provide financial assistance to countries suffering from climate change related damages

00:52This year the Philippines is hosting the loss and damage fund board during the courtesy call of

00:59FRLD members to President Marcus jr

01:02Yesterday, he expressed the government's efforts to establish an FRLD office in the country

01:08The president highlighted the critical role of the loss and damage fund in rebuilding damage

01:14infrastructure and supporting disaster victims

01:17The timing of this initiative is

01:19Particularly relevant after six consecutive typhoons struck the country beginning in late October up to the third week of last month

01:27from 2003 to 2022

01:30The climate crisis caused damage amounting to 100.91 billion dollars in the Philippines alone

01:37It is expected the guidelines for the utilization of the loss and damage fund

01:42Intended for countries most affected by climate change will be finalized before the year ends

01:48Simultaneously, the government is intensifying efforts to protect the environment and mitigate the threats of climate change

01:56for 2024 the budget allocation for climate change related programs activities and projects will increase to

02:04457 billion pesos or close to half a trillion pesos

02:07From PTV Manila, Melales Moras with Glazel Cordilla, Balitang Pambansa

Category

Transcript

Be the first to comment

Recommended