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Climate change has had and will continue to have drastic effects on the climate of the Philippines. From 1951 to 2010, the Philippines saw its average temperature rise by 0.65 °C, with fewer recorded cold nights and more hot days. [1] Since the 1970s, the number of typhoons during the El Niño season has increased. [1]
To address the impacts of climate change, the Philippine government has taken steps to mitigate greenhouse gas emissions and adapt to the changing climate. The country has committed to reducing its greenhouse gas emissions by 75% by 2030, [ 55 ] which will require significant changes in the energy and transportation sectors.
The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change. The World Bank hosts an Open Knowledge Repository for its publications. In 2020, the World Bank's total commitments amounted to USD 77.1 billion, it had 12,300 full-time staff, and it operated in 145 countries. [5]
The Asian Development Bank estimates that $102–431bn is needed annually across Asia-Pacific to help countries adapt to climate impacts, yet only $34bn was invested in 2022.
The Philippines is going all in for electricity made via climate-damaging combustion, with almost two dozen power stations planned and the ambition to become a gas hub for the entire Asia Pacific ...
Floods inundate Philippine capital, oil tanker sinks as deadly typhoon prompts calls for climate action Helen Regan, Kathleen Magramo and Andee Capellan, CNN July 25, 2024 at 9:14 AM
Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040. By that time, the Philippines wants to be free from poverty and sustain a prosperous middle class. [39] In order to do so, the World Bank estimates that income per capita must triple by way of having its economy grow at an average annual rate of 6.5%. [40]
The World Bank said in December it will deploy 45% of its annual financing to climate change adaptation and mitigation by 2025. In the Pacific Islands, that goal has already been reached, he said.