Financing climate action was a key topic at the COP27 climate change conference in Sharm El-Sheikh. For the Philippines, on the front lines of the global climate emergency, it is a make-or-break question.
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Advancing a sustainable blue economy entails developing a globally recognized taxonomy, attracting much-needed private capital into blue projects, and generating a healthy project pipeline.
The goal is to rapidly mobilize private funds as capital is not flowing at the scale required.
Incorporating environmental, social, and governance norms in planning and offering incentives for fund raising, among ways to add more green projects.
