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Opinion / #financing
As Asean's 2026 chair, the Philippines must align climate plans, investment incentives and measurable outcomes to turn ambition into bankable projects.
As aid flows decline, more countries are articulating a new vision in which health financing would build on national resources, answer to domestic priorities, and remain accountable to their own citizens. Such a change is long overdue, and it can be achieved by pursuing reforms in three areas.
For the first time, a great power has moved to price transboundary climate-driven harms–massive wildfires–and extract compensation unilaterally. What was previously a development, insurance, or emissions-accounting issue is now a security and trade dispute between two G7 economies, setting a precedent that others may try to follow.
OECD rules won’t save Asian revenues or fund climate resilience. The upcoming UN Tax Convention negotiations offer our best chance to rebuild a broken system.
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