Empower Our Planet: Countries Urged to Establish a Climate Damage Fund for a Sustainable Future

President Ferdinand Marcos Jr. recently urged world leaders to support the Loss and Damage Fund. This fund aims to help nations hit hard by natural disasters.

In a message shared at a meeting in Lapu-Lapu City, Marcos emphasized the need for international cooperation. He stated, “The collective will of nations must rise higher than the seas and move faster than the storms that endanger us.” This call to action highlights the urgency of addressing climate-related challenges.

Marcos pointed out that the $250 million allocated for 2025-2026 is a vital step but stressed the fund must be fair and responsive to those who need it most. He warned that delays in action lead to more families losing their homes and livelihoods. “The cost of inaction is far too high,” he said.

The focus of the fund must be swift access and human-centered solutions, particularly for vulnerable communities. This aligns with the growing recognition that climate change disproportionately affects poorer nations.

The Philippines hosts the board of the Fund for Responding to Loss and Damage (FRLD), which became operational in 2023 during the COP28 UN Climate Change Conference. As of now, the fund has received $348 million, with pledges totaling $789 million from countries like the United States, Germany, and Canada.

Environmental group Greenpeace has emphasized that those most responsible for climate change should be held accountable. They urge the Philippine government to demand compensation from fossil fuel companies and wealthy nations for the damage caused.

Recent data from the World Bank indicates that climate disasters have surged, affecting millions globally each year. In light of this, organizations like Greenpeace are advocating for a complete phaseout of fossil fuels and legal actions against major oil corporations.

The conversation about climate accountability is growing, reflecting a shift in public opinion. More people are taking to social media, rallying for urgent climate action. Social media platforms like Twitter and Instagram are buzzing with posts demanding accountability from those who contribute most to climate change.

In summary, the need for a robust and responsive Loss and Damage Fund is more urgent than ever. As climate-related issues worsen, the calls for accountability from polluters are gaining traction globally.



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Loss and Damage Fund,climate accountability,fossil fuel justice