CLIMATE change, depletion of biodiversity and waste management. All these have and continue to put a threat to human lives. These issues, more commonly referred to as environmental problems, bring global economies to come together and find the most appropriate course of action to combat or at least reverse the damage brought by these risks. To add, these risks and their adverse effects to the quality of human life today and in the future have given rise to the concept of intergenerational ethics, a sense of moral obligation to preserve the environment for future generations.
There is a lot to be covered in terms of protecting the environment. In the Philippines, a news report cited that aside from the damage brought by Typhoon "Odette," threats such as the effects of pollution and illegal fishing plagued the country last year. Amid the Covid-19 pandemic, Filipinos are also grappling with the impact of global warming, which has led to extreme weather events like super typhoons. This, in fact, prompted the Department of Finance to tie up with other Association of Southeast Asian Nations leaders to collaborate and share best practices to address such threats. Finance Secretary Carlos Dominguez 3rd also emphasized during the 2021 United Nations Climate Change Conference of the Parties that the country is taking big steps toward cutting greenhouse gas emissions by using clean energy and highlighted the planned rollout of a sustainable financial roadmap that could provide more environment-friendly policies.
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