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PIA Press Release

NCCA+2 to push for model for financing CCA, says Salceda

by MS Arguelles

Legazpi City (26 October) -- The National Conference on Climate Change Adaptation (NCCA) +2 will push for a mechanism that can develop a model for financing climate change adaptation (CCA) by rich nations as their commitment to disaster risk reduction measures.

Albay Gov. Joey Salceda, lead convenor of the NCCA +2, said at the opening of the three-day that kick off on today (October 26) the conference has adaptation funding as one of its four thematic ingredients which include among others science, policy, practice and funding.

He said "until now, there is no model for financing climate change adaptation. I can not find one despite spending years in the Swissbank. Perhaps, there is none, yet, because adaptation financing is a relatively new field."

He explained that the recent global economic crisis has already taught the country that it cannot leave markets to their devices; a sustainable world requires an inter-temporal transfer of welfare from the present to the future which means huge sacrifices for the present generation.

It would require state intervention as it would demand more than that with accumulated ecological debt, rich countries must step up to their historical responsibility for climate change and its current adverse impacts.

Climate change adaptation especially disaster risk reduction (DRR) has become more vociferous as a job for the community of nations more so to the rich nations to articulate their commitment to DRR.

Salceda, however, said the climate deal in Copenhagen without a sustainable mechanism for adaptation financing is nothing less than pharisaical.

He pointed out that the CCA practice are both local and national concerns where they rely on domestic resources earmarked but limited calamity funds to finance adaptation and mostly for response, reconstruction and hardly for risk reduction.

"The issue is not only intergenerational but also cuts across income classes. Sadly, those who are least capable of protection are also the most affected and most vulnerable", Salceda said.

Adaptation increases the cost of development just as it would displace equally pressing social priorities to reduce poverty.

Recent events have been most punishing for the Philippines. First, the revenue base was undermined by the global economic crisis while it was under pressure to join a coordinated global stimulus with its deficit jumping fromP68bn in 2008 to over P300bn in 2009.

Second, a succession of natural calamities jacked up requirements for relief, rehab and reconstruction, thus, the country became a two-time victim.

"It was not a party to the monetary hedonism that led to the global economic crisis which bloated our deficits while it only contributes 0.27% of current carbon emissions" Salceda said. (PNA/PIA) [top]

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