Philippines receives $5.3 bln climate finance commitment from Canada


MANILA, Dec 6 (Reuters) – The Philippines and the United Nations Development Programme have secured Canada’s commitment for $5.3 billion of climate finance, the president’s office in Manila said on Wednesday.

The collaboration and finance commitment will run until 2026 and Canada will support the Philippines in promoting biodiversity conservation, climate change mitigation, adaptation, and resilience with consideration for gender equality, it said.

Reporting by Neil Jerome Morales; Editing by Martin Petty

Our Standards: The Thomson Reuters Trust Principles.

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