ADFIAP invited to ASEAN technical workshop on climate finance

On invitation by the United Nations Climate Change Secretariat, ADFIAP participated in the “Technical Workshop on Climate Finance in the Association of Southeast Asian Nations (ASEAN)” organized under the auspices of the needs-based Climate Finance Project of the UNFCCC secretariat in collaboration with the ASEAN secretariat and the Philippine Department of Energy and Natural Resources (DENR) on October 29-30, 2019 at the Park Inn by Radisson in Quezon City, Philippines.

The objective of the event was to design the “ASEAN Climate Finance Mobilization and Access Strategy” which will guide the development of the finance strategy for the next six months. The workshop provided an opportunity to take stock on the state of climate finance in Southeast Asia and exchange knowledge and information among experts in the region. The workshop brought together more than 30 senior public and private sector representatives involved in the mobilization and delivery of climate financing from the finance agencies of the government, banking sector, private sector associations, multilateral and bilateral agencies.

Mr. Noel N. Verdote, Head of ADFIAP Finance and Investment Center (AFIC), together with Mr. Victor C. Abainza, Senior Consultant at ADFIAP Consulting and Ms. Marinela Pascua, AFIC E&S Lead, attended the workshop. Mr. Verdote also participated as a panel-discussant in the session on “Enhancing Mobilization of and Access to Climate Finance.”

DENR is the primary agency responsible for the conservation, management, development, and proper use of the country’s environment and natural resources, specifically forest and grazing lands, mineral resources, including those in reservation and watershed areas, and lands of the public domain, as well as the licensing and regulation of all natural resources as may be provided for by law in order to ensure equitable sharing of the benefits derived therefrom for the welfare of the present and future generations of Filipinos.

The United Nations Climate Change Secretariat catalyzes action by all to address climate change, minimize adverse impacts and stabilize GHG concentrations. It provides the highest quality support to the intergovernmental negotiations and the implementation of the Convention, the Kyoto Protocol and the Paris Agreement by a range of activities, including substantive and organizational support to meetings of the Parties and the implementation of commitments. and to the mobilization of enhanced climate action by non-Party stakeholders.

The ASEAN Secretariat, set up in February 1976 by the Foreign Ministers of ASEAN, has as its basic function to provide for greater efficiency in the coordination of ASEAN organs and for more effective implementation of ASEAN projects and activities. Its mission is to initiate, facilitate and coordinate ASEAN stakeholder collaboration in realising the purposes and principles of ASEAN as reflected in the ASEAN Charter.

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