ENP Newswire -
Release date- 23052014 -
Countries of the world should confront climate change squarely as part of the global efforts to end poverty and boost prosperity. It's a challenge that needs collective action by national governments, development partners, private sector, civil society, and local communities.
This was the key message of Ms.
'During my visit to several municipalities in Leyte, I have seen how communities - working with local and international NGOs, local governments, national government agencies, private sector and development partners - are beginning to rebuild their lives. The task of rebuilding, in fact seizing the opportunity to build back better, is enormous. If funds can move more smoothly to those accountable for development at the local level and with the support of partners, I believe the people in the Visayas affected by the typhoon will overcome this challenge,' said Ms. Kyte.
Time is of the essence and the
Speaking before participants of the
'Countries need to take bolder action now before the impacts of climate change put prosperity out of reach for millions and roll back decades of development. If we don't confront climate change, we won't end poverty,' Ms. Kyte said. 'The cost of inaction far exceeds the cost of action.'
Governments, she said, can design and enforce policies that put resilience at the core of development. Resilience should also be at the core of the private sector's investment decisions. And this will not happen, she added, without the involvement of communities and local leaders.
Over the last five years, the country has experienced severe weather events that resulted in severe damage and losses.
Typhoons Ondoy, Pepeng, Sendong, and Pablo claimed the lives of more than 3,000 people, caused economic damage and losses amounting to approximately
In November last year, Typhoon Haiyan (Yolanda), one of the strongest typhoons to ever make landfall, hit the country and left a trail of devastation in
In response to the country's vulnerability to climate-related events, Philippine policy makers have come up with policies (Climate Change Act and the Philippine Disaster Risk Reduction and Management Act, for instance) focusing on climate change adaption. In 2012,
In her speech at the WEF last Wednesday, Ms. Kyte said that the
The fund, she noted, will be designed to build resilience at the national, local government and individual level. It should be able to finance targeted investments to improve resilience to climate change and natural disasters and provide funds to local governments for climate change adaptation and disaster risk reduction, as well as recovery and reconstruction. Between the government, international partners and the private financial and insurance sectors, all the means are available to
'The poor are most affected by disasters, with the destruction of their already limited assets and means of living. Disasters also push people, who previously were not poor, into poverty,' said World Bank Country Director
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