Panuntunan sa paggamit ng Loss and Damage Fund, posibleng makumpleto na
Panuntunan sa paggamit ng Loss and Damage Fund, posibleng makumpleto na
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NewsTranscript
00:00The regulations on the use of the Loss and Damage Fund
00:04or PONDO for the countries most affected by climate change
00:08will be formed before the end of the year.
00:10According to Environment Secretary Tony Yulo-Loyzaga,
00:13in December, the United Nations Framework Convention on Climate Change and the Philippines
00:19is expected to pass this.
00:22The Loss and Damage Fund was created to find the PONDO
00:25and to provide financial assistance to the countries affected by climate change.
00:30Despite the possible use of the PONDO,
00:32infrastructure, agriculture and the dead were destroyed.
00:37As of now, the Loss and Damage Fund
00:40has raised up to US$700 million
00:42from the promised PONDOs in different countries.
00:47Of course, the climate vulnerable countries are full
00:50in terms of who will be able to avail.
00:52I have to say,
00:54small island development states and Africa
00:57are leading rather than the Philippines.
01:01We all know how big their problems are.
01:06So the small island development states, particularly in the Pacific,
01:09they are all here.