Due to the country's geographical attributes as an archipelagic state and location along the Pacific Ring of Fire, the Philippines is known to be prone to disasters such as earthquakes, typhoons, floods, drought, among others. Climate change has also greatly exacerbated these vulnerabilities leading to an increase in frequency and intensity of these hazards which has caused major setbacks in the country's socioeconomic growth and development.
According to a World Bank report, the country is projected to lose 13.66% of its GDP by 2040 to climate change risks if nothing is done to mitigate the climate change risks and will be detrimental to the country's ambitions of attaining an upper middle-income country status by 2040. Relatedly, climate change is also deeply connected to global trends of inequality with the poorest and most vulnerable people having to bear the brunt of its adverse effects. As the effects of climate change worsen, millions of vulnerable people are exposed to disproportionate risks, including health effects, food and water insecurity, job loss, and forced migration and displacement, among others.
The 2024 ECCP Climate Change Forum aims to promote knowledge sharing, collaborative efforts, and meaningful discussion among a broad range of stakeholders with the purpose of coming up with actionable solutions to address pressing climate change-related issues. Through thematic sessions, the Forum will feature discussions on how different sectors can work together to mitigate the adverse impacts of climate change as well as provide updates on the current plans and priorities of the Philippine government to ensure that the country is ready to adapt to climate change.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.