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FMJ urges Congress to pass enabling law for LDF
By Nidz Godino
“This will require enabling law from Congress to confer legal personality and capacity to the Board,” President Ferdinand Marcos Jr. said in his SONA Congress needs to pass enabling law for Loss and Damage Fund, international budget for countries affected by climate change.
During his third SONA, Marcos recounted Philippines was selected to host Loss and Damage Fund. Loss and Damage Fund, initiated by United Nations Climate Conference, is endowment meant to assist developing countries affected by climate change.
Marcos said effects of climate change have become more severe, with Philippines’ geographical location making it more vulnerable, making country proactive advocate of climate change.
During 43rd Association of Southeast Asian Nations in Jakarta, Indonesia, Marcos had urged world leaders to enact Loss and Damage Fund.
“Countries with smallest carbon footprints disproportionately bear heaviest burden of climate change…we need to urgently realize Loss and Damage Fund to catalyze assistance to address climate change,” Marcos said in September 2023.
In December 2023, Philippines was able to secure seat in Loss and Damage Fund board seat. Philippines was eventually selected to host Fund, beating Antigua and Barbuda, Armenia, Barbados, Bahamas, Togo, Kenya and Eswatini.
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