#NowIsTheTime: PNOY, Prove You're Not King Coal—Activists Insist Climate Finance for Communities, Not Corporations
QUEZON CITY, Philippines – The Freedom from Debt Coalition (FDC), a broad coalition of peoples movements, political blocs and NGOs, called on the Aquino administration to do more than its proposed Intended Nationally Determined Commitments (INDCs). As the Chairperson of the Climate Vulnerable Forum, the Philippines must be at the forefront in demanding global targets from developed countries, and not just voluntary INDCs.
The Philippine government just submitted its INDC to the United Nations Framework Convention on Climate Change (UNFCC) with the intent to undertake GHG (CO2e) carbon emissions reduction of about 70% by 2030 relative to its BAU scenario of 2000-2030. Reduction of CO2e emissions will come from energy, transport, waste, forestry and industry sectors. The mitigation contribution is conditioned on the extent of financial resources, including technology development & transfer, and capacity building, that will be made available to the Philippines.
Freedom from Debt Coalition
The Freedom from Debt Coalition (FDC) – Philippines is a nationwide multi-sectoral, non-sectarian and pluralist coalition conducting policy advocacy work and campaigns to realize a common framework and agenda for economic development.