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We are confident that if we are given the basic capacity for technology development, we will be at par with developed nations.” “ “We have all the renewable energy resources that we can tap in our country-water, wind, solar and we also have minerals to do technological development in terms of batteries through nickel. The climate advisor added that even if rich nations release the long-delayed climate funds, they will likely be given as loans in most part, prompting the need for the country “to be smart about it and develop its own capacities.” That is what we are fighting for,” said the climate advisor who spoke to Eco-Business on the condition of anonymity.
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“It is more important for us to gain their technology and know-how than outright money. Image: Philip Amiote/ Eco-Businessīut a COP veteran, one of the advisors to the Philippine delegation, is advising the country’s negotiators to instead broker for technology and capacity building from rich nations. A total of 19 government officials are part of the group, mostly from the finance department. (Clockwise from left) Carlos Dominguez III, finance secretary and head of delegation Paola Alvarez, assistant secretary of the finance department Teodoro Locsin, Jr, foreign affairs secretary Albert Magalang, director from the department of environment and natural resources. Some members of the Philippine delegation to COP26.