Climate Summit Yields USD380M Pledges for the Philippines

Various donors have promised USD380 million to help the Philippines cope with global warming, according to the

. The pledges came during the climate change summit in Copenhagen, which ended on Dec. 18. The World Bank and Asian Development Bank have committed USD250 million under a clean technology fund, while Denmark intends to donate USD10 million to support local water utilities. The country is also assured of USD50 million from the global environment fund and as much as USD70 million upon submission of a formal proposal for support under a forestry investment fund.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.