Tag: adaptation finance
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COP30 in Belém: Real Climate Progress Missed the Fossil Fuel Frontier
Belém’s Climate Talks: A Mixed Bag of Gains and Gaps The COP30 gathering in Belém, Brazil, drew tens of thousands of delegates, negotiators, scientists, and advocates, all eager to push the planet toward stronger climate action. If there was an overarching takeaway, it was this: progress was tangible in areas like adaptation finance, forest protection,…
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Climate Crisis Is New Colonialism: Unequal Impacts Worldwide
Introduction: A Crisis That Mirrors Colonial Legacies The climate crisis is not just a scientific or environmental issue; it is a social and political phenomenon that exposes deep-rooted unequal power structures. The countries that contribute the least to greenhouse gas emissions are often the ones bearing the heaviest costs—rising seas, extreme weather, and disrupted livelihoods.…
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At UN climate summit, vulnerable nations share harrowing accounts as warming intensifies
Belem hosts urgent confrontation with a warming world Officials and delegates from nations most exposed to climate change converged in Belem, Brazil, for the annual United Nations climate gathering. They arrived with a clear message: the harms of Earth’s warming are no longer theoretical but present, personal, and increasingly costly. As world leaders meet on…
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How the Philippines’ Central Bank Is Helping Financial Institutions Become Climate Resilient
Introduction: Climate risk as a financial imperative Climate change poses a systemic risk to the Philippines’ economy, threatening both growth and stability. The Bangko Sentral ng Pilipinas (BSP) has reframed this risk as an opportunity to build a more resilient financial system. While the country faces frequent river and coastal flooding and recent disruptions from…
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How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…