MANILA – Winning the fight against climate change and ozone-depleting substances (ODS) can be achieved through global policies and actions, particularly in utilizing renewable energy resources and adopting sustainable systems and technologies.
Citing a recent report of the World Meteorological Organization (WMO), Senator Loren Legarda said the ozone layer, which protects against harmful ultraviolet rays and was thinning in the 1980s due mainly to chlorofluorocarbons, is on track to recover to 1980 levels by 2040.
The WMO said the improvement is a result of positive actions taken under the Montreal Protocol, a treaty adopted in 1987 to regulate the production and consumption of ODS.
In a news release on Tuesday, Legarda said countries must have the will to deliver on their commitments, especially in undertaking significant and deep cuts on fossil fuel emissions and mobilizing finance, technologies, and capacity development support to countries and communities in accordance with the Paris Agreement.
The Paris Agreement, often referred to as the Paris Accords or the Paris Climate Accords, is the international treaty that deals with climate change.
“The depleting ozone layer was such a huge environmental concern back then, but we were able to diagnose the problem and unite to address it. The recovery of our ozone layer is a sign that we are capable of healing our climate and gives us more reason to hope for a better planet and future for all,” Legarda said.
She noted that the annual mobilization of USD100 billion of climate finance for developing countries, starting in 2020, remains unmet.
Legarda said there is a need for access to climate finance from public and private sources and philanthropies, and for multilateral development banks and financial institutions to improve their business models to accept risks and leverage finance for developing countries. (PNA)