Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

France to extend monetary support to strengthen country’s fight against climate change

Posted on February 27, 2015

MANILA, Feb. 27 (PNA) — The French government will extend at least 50 million euros to the Philippines to contribute to the country’s prevention and reconstruction efforts in response to natural disasters resulting from the effects of climate change.

The two countries announced the grant of support from France in a Joint Declaration on the Enhanced Partnership between the Republic of the Philippines and the French Republic.

According to the declaration, the loan will be given to the Philippine government through the French Development Agency.

Both countries also stressed the importance of strengthening the fight against climate change and its impacts and agreed to work together to encourage the adoption of a universal and equitable agreement during the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21), to be hosted by France in December.

“We, therefore, took the initiative to launch the Manila Call to Action on Climate Change, which takes into account the needs and concerns of the most vulnerable countries,” the declaration read.

In a joint press conference with President Benigno S. Aquino III, visiting President of France François Hollande said the French Agency for Development will extend loans and credits to many investment funds, not only in the Philippines but other countries as well.

President Hollande said a Green Fund has already been created in France. He however stressed the need to create an international Green Climate Fund, which aims to pool resources from different countries and international institutions to support countries vulnerable to the effects of climate change.

“Our ambition is, therefore, starting from 2020, to generate US$ 100 billion for the funding of what would be energy transition and the protection of the most vulnerable countries,” President Hollande said.

“This is what we hope to bring forward to the Paris conference but this will not prevent Europe and France to already take action and this is what I wanted to indicate by coming to the Philippines,” he added.

The French leader arrived in Manila on Thursday for a two-day state visit, the first for an incumbent French president since the two countries established diplomatic relations in 1947.

Aside from meeting President Aquino in Malacañang, President Hollande is also slated to visit Eastern Samar on Friday, as a highlight of his Philippine trip, which aims to rally support for the campaign to combat climate change. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme