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The Philippines said it was raising its target of cutting greenhouse gas emissions to 75 percent by 2030 in line with its commitment to the Paris Agreement on climate change, up from the 70 percent target
set four years ago.
Philippine Finance Minister Carlos Dominguez III, who is also chairman of the country's climate change committee, called the new goal "ambitious," despite calls from some environmentalists for the government to do more
.
72.
29% of the new target depends on climate finance, technology and capacity development support from developed countries
, as stipulated in the Paris Agreement.
The Paris Agreement, which came into force in 2016, aims to transform the world's fossil-fuel-powered economy within decades and slow global temperature rise to less
than 2 degrees Celsius.
The Philippines ratified the agreement in 2017, allowing Manila access to the Green Climate Fund, which aims to raise billions of dollars to help poor countries combat global warming
.
The remaining 2.
71 percent of the target should be implemented
mainly through domestic resources, the Ministry of Finance said in a statement.
However, Greenpeace called on the government to do more and asked the Ministry of Energy to accelerate the country's energy transition
.
The environmental group said in a statement: "After the government announced it was going to fast-track renewables and suspend new coal proposals, the energy sector should do more to put into action
.
" ”
The Philippines said it was raising its target of cutting greenhouse gas emissions to 75 percent by 2030 in line with its commitment to the Paris Agreement on climate change, up from the 70 percent target
set four years ago.
Philippine Finance Minister Carlos Dominguez III, who is also chairman of the country's climate change committee, called the new goal "ambitious," despite calls from some environmentalists for the government to do more
.
72.
29% of the new target depends on climate finance, technology and capacity development support from developed countries
, as stipulated in the Paris Agreement.
The Paris Agreement, which came into force in 2016, aims to transform the world's fossil-fuel-powered economy within decades and slow global temperature rise to less
than 2 degrees Celsius.
The Philippines ratified the agreement in 2017, allowing Manila access to the Green Climate Fund, which aims to raise billions of dollars to help poor countries combat global warming
.
The remaining 2.
71 percent of the target should be implemented
mainly through domestic resources, the Ministry of Finance said in a statement.
However, Greenpeace called on the government to do more and asked the Ministry of Energy to accelerate the country's energy transition
.
The environmental group said in a statement: "After the government announced it was going to fast-track renewables and suspend new coal proposals, the energy sector should do more to put into action
.
" ”
