Negosyante News

November 5, 2024 9:58 pm

Philippines Pledges to Cut Its Greenhouse Gas Emissions by 75% by 2030; 72.29% Conditional

 

IMG SOURCE: NDC PARTNERSHIP

The Philippine Government has submitted its “nationally determined contribution”(NDC) to the UN Framework on Convention on Climate Change. The target is 75% by 2030 (relative to the business-as-usual scenario), 72.29% of which is conditional; meaning it will only be met through funding and assistance from the international community. The local government has pledged to use its own resources to meet the remaining 2.71%.

“Rex Barrer, climate governance lead of non-profit Institute for Climate and Sustainable Cities, said that although the government’s low contribution was “frustrating”, he was hopeful of the department of energy’s commitment to improving on the Philippines’s energy plan. The country declared a moratorium on coal in October in a significant shift to boost the deployment of renewables.

The Philippines is one of the last countries to submit its first NDC. As of 16 April, 192 out of 196 parties have submitted while eight have given their second NDCs.” (via Eco-Business)

SOURCE: Eco-Business

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