PH, WEF sign agreement on blue carbon ecosystem, plastic pollution

MANILA, Philippines — The Philippines and the World Economic Forum (WEF) has signed an agreement managing a blue carbon ecosystem and plastic pollution, according to the Palace on Monday.

Environment Secretary Maria Antonia Yulo-Loyzaga signed the agreement on behalf of the Philippines at the United Nations Framework Convention on Climate Change in Dubai, United Arab Emirates.

Neo Gim Huay, the managing director of the WEF Center for Nature and Climate, co-signed it.

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“The Philippines is a very important economy being an archipelago. So, we hope that these agreements can catalyze a lot more communities, initiatives, public policy, and corporate involvement in addressing and protecting our ecosystems,” Gim Huay said, according to a Palace statement.

Following this agreement, both the Philippines and the WEF will share best environmental practices with the communities, civil societies, and corporate sector.