COP 29 Position Paper: https://docs.google.com/document/d/1rBLPQ37lhLoN0ApmVtaP-MUmOt-bCjprWyPln7D1C3o/edit?usp=sharing
The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku, Azerbaijan, is progressing in negotiations for climate financing from developed nations to support the urgent needs of developing countries.
The Philippines, highly vulnerable to climate change, faces issues such as rising sea levels and extreme weather events. Recent severe storms, including Storm Kristine and Super Typhoon Leon, have led to significant infrastructure damage and displaced thousands of families, highlighting the urgency of action to avoid breaching the 1.5 °C temperature rise threshold.
Industries continue to emit greenhouse gases (GHGs), primarily from coal and fossil fuels, exacerbating climate change. The cooperative movement in the Philippines is committed to advocating for climate justice and implementing sustainable programs in their communities, guided by the principle of “Concern for the Community.”
“Caring for the community involves a greater level of collective action, which is the care for the environment,” emphasized Chairperson of the Coop Chamber and CLIMBS CEO and President Noel Raboy regarding the recent developments in Baku.
It is essential for the cooperative movement to raise awareness about climate change effects and engage developed countries and policymakers to implement the New Collective Quantified Goal (NCQG). We need to push for transparent, equitable financing processes to ensure that funding commitments are honored.
Given that the Philippines is predominantly agricultural, cooperatives in agriculture and fisheries will actively monitor COP29 commitments and ensure accountability regarding funding for loss and damage. Millions of farmers and fisherfolk will benefit from these initiatives.
As we face this climate emergency, it is crucial for the cooperative movement to act swiftly and in solidarity with global efforts.
Contact person:
Edwin A. Bustillos
Executive Director
Mobile Number 09178017309
[1] The Philippine Chamber of Cooperatives Inc., (PCCI) doing business under
the name Coop Chamber, is a non-stock, non-profit organization registered
with the Securities and Exchange Commission and works to serve its members
through collaboration, advocacy, education, and networking facilities, all for
the advancement of the cooperative movement.
[2] CLIMBS Life and General Insurance Cooperative, established at Cagayan De Oro in 1971, is a leading life and non-life micro-insurance provider in the Philippines licensed by the Cooperative Development Authority (CDA) & the Insurance Commission (IC). CLIMBS recently transitioned into a climate insurance provider with its novel product, the Weather Protect Insurance, with the sole objective of shedding light on climate change-related effects that adversely impact the lives of Filipinos and their capacity and resilience.
