BusinessMirror

Drive vs single-use plastics gets UK help

- By Bernadette D. Nicolas @Bnicolasbm

THE United Kingdom (UK) offered to support the Climate Change Commission’s advocacy on banning single-use plastics.

In a recent virtual meeting with British Ambassador Daniel Pruce, Finance Secretary Carlos G. Dominguez III welcomed UK’S offer of technical assistance and support in effectivel­y communicat­ing to the public the importance and long-term benefits to the economy of banning single-use plastics.

Pruce also said UK stands ready to assist the Philippine­s in its preparatio­ns for its contributi­on to the discussion­s in the 26th United Nations (UN) Climate Change Conference of the Parties (COP26), which could encompass a broad range of issues such as green finance, energy transition­s, and climate crisis resilience and adaptation strategies.

Chaired by the UK this year, COP26 will be held in Glasgow, Scotland this November. It is expected to bring together signatory-parties to the UN Framework Convention on Climate Change (UNFCCC).

In the same meeting, Finance Assistant Secretary Paola Alvarez also shared with Pruce that discussion­s are under way with the British Embassy on engaging with renewable energy (RE) investors to determine from them the possible Philippine policy gaps that need to be addressed to encourage the entry of RE investment­s to the country.

Alvarez, the point person of the Department of Finance (DOF) on climate crisis concerns, stressed the need to attract more RE investment­s into the country, especially given the government’s recent decision to impose a moratorium on new coal-fired power plants.

Alvarez said the discussion­s will be held with representa­tives from the DOF, Bangko Sentral ng Pilipinas, Securities and Exchange Commission, and the Department of Energy.

Apart from this, Dominguez and Pruce also discussed UK’S commitment to implement the first phase of its Iconic Bridges Project for Sustainabl­e Socioecono­mic Developmen­t in Cagayan province.

Dominguez also later met with Minister Anne-marie Trevelyan, the UK Internatio­nal Champion on Adaptation and Resilience for the COP26 Presidency and Minister of State (Minister for Business, Energy and Clean Growth), to discuss climate crisis-related concerns, particular­ly on sharing UK’S expertise in pushing Philippine legislatio­n on plastics use reduction.

During the meeting with Trevelyan, Dominguez also said the Philippine­s will be participat­ing in the Uk-led Adaptation Action Coalition, which will act as a forum for developed and developing economies to share knowledge and best practices on local, regional and global solutions to deal with the climate crisis.

The Coalition was built in response to UN Call for Action on Adaptation and Resilience and aims to turn the commitment­s secured from this call to action into on-theground support for climate crisisvuln­erable communitie­s.

Dominguez also separately met with Alok Sharma, the President of the COP26 and Member of the UK Parliament, to further explore areas of cooperatio­n between the Philippine­s and the UK on raising the awareness of Filipinos over the urgency of climate action, and in fine-tuning the legislativ­e measure that aims to ban singleuse plastics.

Sharma and Dominguez also briefly discussed how a “green industrial revolution” can give rise to new industries and create more jobs while effectivel­y cutting carbon emissions.

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