Binay backs climate financing

MANILA, Philippines — Makati Mayor Abigail Binay is pushing for the use of three climate-financing instruments that would give the city access to grants, loans and funding opportunities to boost climate action.

Binay made the statement after attending Daring Cities 2022, an event organized by ICLEI – Local Governments for Sustainability in Bonn, Germany.

She is a member of ICLEI global executive committee and heads its innovative financing portfolio.

Binay said the three instruments – the city climate gap fund, green cities program and the local climate adaptive living facility – would make Makati and other cities more resilient.

“I will introduce these three climate-financing instruments to the Makati climate change committee so that we can study how we can use them to improve the quality of life of Makatizens and, at the same time, reduce our greenhouse gas emissions and mitigate the impact of climate change,” she said.

Binay will attend the 27th UN Climate Change conference to be held in Egypt from Nov. 6 to 18.