Bilateral agreements become “flimsy” when countries lack clarity on meeting their own climate goals while selling carbon offsets, says a city-state official. The republic has struggled to buy eligible credits from its two partners nations.
Eksklusif
Mark Joven, who steered negotiations for the Philippines to host the loss and damage fund board, speaks to Eco-Business about the nation’s role in helping to rachet up pledges for the climate-vulnerable, as COP29 nears.
Most Southeast Asian nations missed the COP16 deadline to submit updated biodiversity pledges. Competing priorities and financing gaps have hampered nature commitments, say experts.