Wednesday, December 11, 2024
HomePress ReleaseIN PHOTOS: Immediate Demand for Climate Finance

IN PHOTOS: Immediate Demand for Climate Finance

About 5,000 climate advocates rally in the Philippines, urging bolder actions at the Climate Summit in Baku, Azerbaijan.

They demand a rapid phase-out of fossil fuels, increased climate finance, and just transitions to renewables.

“The Philippines, one of the most vulnerable nations, is a reminder of the urgent need for global action,” said PMCJ Coordinator Ian Rivera.

Local communities also call for climate emergency declarations to address the growing impacts of the crisis.

“At COP28, governments have committed to transitioning away from fossil fuels in energy systems with developed countries taking the lead. COP29 will be key to unlocking the climate finance needed to enable mitigation, adaptation,loss and damage and the needed finance needed for just transition. So far, most of the climate debt that has been delivered were loans, not grants, blocking climate action and exacerbating debt distress in many developing countries,” said Lidy Nacpil, coordinator of the Asian Peoples’ Movement on Debt and Development (APMDD), in their statement. (Photos by Jann Conrad Bonifacio)

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