Tagkawayan Mayor Carlo Eleazar on December 13 signed Executive Order 67 promoting renewable energy projects “in a timeline compatible and aligned with the Paris Agreement’s 1.5°C goals.”
The protesters, clad in costumes themed after the Netflix’s social drama series Squid Game, demanded the bank to align its portfolio to the “global climate ambitions andc in genuine support of sustainable development.”
Activist groups in the Philippines have warned the Asia Development Bank (ABD) that it will “once again be missing” the 1.5 degree Celsius climate goal if it will adopt its proposed energy policy.
The proposed police allows the bank to continuously support and finance fossil gas projects
More than 30 faith-based and civil society organizations and three Catholic bishops have signed a letter urging the fossil gas project proponents and financial institutions to “listen” to the affected communities.