The Department of Finance Secretary and designated representative of the President to the Climate Change Commission Carlos Dominguez III announced on Thursday that they are eyeing partnership with the United Arab Emirates for the creation of innovative energy efficiency programs that can be implemented in the country.
During the Climate Change Virtual Conference hosted by the UAE Embassy in Manila, Dominguez welcomed the UAE’s ongoing efforts to deploy and use clean energy solutions as one of the main pillars of its model to address the challenge of the worsening climate crisis and significantly reduce its greenhouse gas emissions.
According to the Finance Secretary, over the last decade, the Philippines incurred losses and damages from climate-related hazards estimated at about $10 billion, which is equivalent to an annual average of about $1 billion.
Source: News Formal (newsformal.com)
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