Philippines sets up climate change fund

Aug 21, 2012
Residents wade through a flooded street in the town of Navotas in suburban Manila on August 2, 2012, after heavy rains and strong winds were brought about by Typhoon Saola. Philippine President Benigno Aquino has signed a law creating a one billion peso (about $24 million) "survival fund" to combat the effects of climate change, a government official said Tuesday.

Philippine President Benigno Aquino has signed a law creating a one billion peso (about $24 million) "survival fund" to combat the effects of climate change, a government official said Tuesday.

The law is meant to fund climate adaptation projects in a country battered by about 20 typhoons a year that cause large-scale deaths and damage, said Climate Change Commission deputy head Mary Anne Lucille Sering.

Philippine officials as well as international experts have said the growing intensity of the annual typhoons are a result of climate change.

"Now, we have the means to make our communities safer against the intensifying ," Sering said in a statement.

The law, signed Friday, would use the survival fund to bankroll projects in and boost forecasting and early warning systems for climate-related hazards, Sering said.

It would also be used to guarantee risk insurance for farmers in case of , she added.

Explore further: Hopes, fears, doubts surround Cuba's oil future

add to favorites email to friend print save as pdf

Related Stories

Climate change disasters could be predicted

Jun 19, 2011

Climate change disasters, such as the melting of the Greenland ice sheet, dieback of the Amazon rainforest or collapse of the Atlantic overturning circulation, could be predicted according to University of Exeter research.

Climate change leads to lawsuits

May 26, 2007

A new book says concern about global warming is causing U.S. corporations and law practices to taken on more litigation.

55 million years of climate change

Jun 27, 2011

State-of-the-art climate models, as used in the assessments of the Intergovernmental Panel for Climate Change, could be giving a false sense of security in terms of upcoming abrupt change, suggests a Commentary ...

UN panel: New taxes needed for a climate fund

Aug 05, 2010

(AP) -- British economist Nicholas Stern says a U.N. economic panel is discussing carbon taxes, add-ons to international air fares and a levy on cross-border money transfers as ways to raise $100 billion a year to fight ...

Recommended for you

Rising anger as Nicaragua canal to break ground

11 hours ago

As a conscripted soldier during the Contra War of the 1980s, Esteban Ruiz used to flee from battles because he didn't want to have to kill anyone. But now, as the 47-year-old farmer prepares to fight for ...

Hopes, fears, doubts surround Cuba's oil future

Dec 20, 2014

One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action.

New challenges for ocean acidification research

Dec 19, 2014

Over the past decade, ocean acidification has received growing recognition not only in the scientific area. Decision-makers, stakeholders, and the general public are becoming increasingly aware of "the other carbon dioxide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.