Marcos tells German leaders of PH’s bid to host loss and damage fund

BERLIN—President Ferdinand ”Bongbong” Marcos Jr. on Tuesday told German leaders of the Philippines’ wish to host the Board of the Loss and Damage Fund.

At a joint press conference with German Chancellor Olaf Scholz, Marcos said climate change cooperation was a significant facet of the partnership between  the Philippines and Germany. 

”I thank Germany for its leadership and commitment in the field of Climate Finance and its strong support for the  Loss  and  Damage  Fund,  created  at  the 28th United Nations Climate Change Conference (COP28)  in  Dubai  last  year,” Marcos said.

”I  conveyed the Philippines’ bid to host the Loss and Damage Fund Board,” he added.

Speaking before the Lowy Institute in Australia last week, Marcos noted that climate change poses a “deadly challenge” in the Pacific region and threatens the very survival of millions, especially those in the small island developing states in the Pacific.

The Philippine government in December last year secured a seat on the board of the Loss and Damage Fund, which seeks to help poor nations cope with costly climate disasters.

The country’s Department of Environment and Natural Resources said the Philippines is “most qualified” to host the Loss and Damage Fund because it is a living testament to the effects of climate change. —NB, GMA Integrated News