Manila, 10 June 2021 – Along with its Philippine local weather defenders, the UK
requires local weather motion forward of UN Local weather Change Convention (or COP26) in November in
Glasgow, Scotland throughout a digital roundtable dialogue hosted lately by the British
Embassy Manila marking the Philippine Setting Month.
Led by British Ambassador Daniel Pruce, the dialogue was joined by COP26 native local weather
defenders together with Deputy Speaker Loren Legarda, Bangko Sentral ng Pilipinas (BSP)
Assistant Governor Lyn Javier (representing Governor Benjamin Diokno), Division of
Finance (DOF) Assistant Secretary Paola Alvarez (representing Secretary Carlos
Dominguez, III), ASEAN Middle for Biodiversity Government Director Dr. Theresa Mundita Lim,
Oscar M. Lopez Middle Government Director, Dr. Rodel Lasco, Atty. Jay Layug, and media
personalities—Kim Atienza and Atom Araullo.
The local weather defenders shared their views on single use plastics, youth engagement, local weather
dangers and governance within the monetary system, the function of the enterprise sector in conservation
of the Philippines’s wealthy biodiversity and the political will to name for formidable local weather motion
together with shifting away from coal and harnessing the nation’s renewable vitality sources.
Her Majesty’s Ambassador Daniel Pruce stated:
With the Philippines rating fourth amongst international locations most affected by excessive climate in
the 2021 international local weather danger index, and with the nation’s projected lack of 6% of its annual
GDP by 2100 as a result of local weather change, COP26 is certainly an necessary alternative to advance
the nation’s local weather motion agenda.
He welcomed the Philippines’ submission of its Nationally Decided Contribution (NDC),
which can hopefully function a foundation for a long-term technique towards web zero, and spoke
in regards to the sensible methods the UK was supporting the Philippines to transition to wash vitality,
realise adaptation and resilience, ship nature-based options, make the transition to
sustainable transport and mobilise finance to handle the nation’s vulnerability and mitigate
the dangerous impacts of local weather change.
The local weather defenders spoke about their very own contributions to selling inexperienced insurance policies.
Deputy Speaker Loren Legarda stated:
The Home of Representatives handed on second studying HB 9147 which seeks to phaseout
and finally ban single-use plastics over a interval of 4 years with some earlier inside 1
yr. The invoice additionally mandates plastic producers and corporations to implement prolonged
producers’ duty schemes—correct restoration, transportation, clean-up, together with
institutions of recycling, composting, and waste diversion services.
DOF Assistant Secretary Paola Alvarez stated:
The DOF is mobilising finance for local weather change adaptation and mitigation to determine a
sustainable finance ecosystem and synergize investments from each the private and non-private
sectors, that can yield inexperienced social initiatives leading to constructive impression on the world’s
surroundings and on our folks.
BSP Governor Benjamin Diokno stated:
BSP and monetary establishments play an important half in mobilising funds for financing inexperienced and
sustainable initiatives, and on the identical time, safeguarding monetary stability from shocks and
different environment-related components. The BSP issued the Sustainable Finance Framework in
April 2020. It expects banks to embed sustainability rules in company and danger
administration methods, enterprise methods and operations and enhances Securities and
Change Fee’s pointers pertaining to inexperienced, social, or sustainability bonds
With solely 5 months left earlier than the convention in Glasgow, the digital roundtable
underscored the worth of an entire of society strategy to answer the local weather challenges
that all of us face. The British Embassy Manila’s COP26 local weather defenders are all thought
leaders and consultants of their fields who’ve volunteered to lift up their voices and stand
alongside the UK authorities to galvanise motion and understanding within the Philippines
in the direction of essentially the most formidable COP26 final result doable.
The roundtable welcomed a broad vary of media representatives and emphasised the
essential function the media performs in educating and fascinating the general public on local weather points. The
Embassy, via our info dissemination classes, will proceed partaking the media
and our COP26 local weather defenders to populate communication supplies that can resonate
effectively, not solely with the coverage makers, but in addition on the grassroots stage.
The digital occasion concluded with optimism that via collective effort and ambition, we are able to
rise to the challenges of local weather change, at a significant COP26 and past.