The Philippines recently stated that in accordance with its commitment to the Paris Agreement on Climate Change, it is raising its target of reducing greenhouse gas emissions to 75% by 2030, which is higher than the 70% target set four years ago.
Philippine Finance Minister Carlos Dominguez III, who is also chairman of the country’s climate change committee, called the new goal “ambitious,” even though some environmentalists have called on the government to do more.
Dismantling the new target, 72.29% of which depends on the climate funding, technology and capacity development support provided by developed countries as stipulated in the Paris Agreement. The Paris Agreement, which entered into force in 2016, aims to change the world's fossil fuel-driven economy within decades and slow the rate of global temperature rise to less than 2 degrees Celsius.
The Philippines approved the agreement in 2017, allowing Manila to obtain the Green Climate Fund, which aims to raise billions of dollars to help poor countries cope with global warming.
The Ministry of Finance said in a statement that the remaining 2.71% of the target should be implemented mainly through domestic resources.
However, Greenpeace called on the government to do more and asked the Ministry of Energy to speed up the country's energy transition.
The environmental organization said in a statement: "After the government announced that it would fast track renewable energy and suspend new coal proposals, the energy sector should do more to act."