FEATURES

When Climate Vulnerability Becomes Personal

Damage to infrastructure and agriculture, disruptions to transport and services, and the costs of emergency response ripple across the economy. When such shocks recur year after year, recovery becomes partial and fragile. Each rebuilding effort begins before the last has fully ended.

From the outside, climate impacts are often described as temporary setbacks. On the ground, they feel structural. Resources that could support education, healthcare, industrial development, or job creation are repeatedly redirected toward response and repair. Public debt grows not through poor decisions, but because climate shocks leave governments with few alternatives.

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High Seas Treaty Enters Into Force

The first legally binding ocean instrument to provide for inclusive ocean governance, known as the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, entered into force on January 17, 120 days after at least 60 countries have ratified the treaty.

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Liberia to Implement Carbon Levy on Maritime Shipping

The Republic of Liberia becomes the third African country to introduce a carbon levy on maritime shipping, after Djibouti’s and Gabon’s domestic implementation. Starting on March 1 this year, the country will impose a USD 25 per tonne fee on CO2 emitted by ships entering and leaving its ports.

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Marshall Islands Pioneers Climate Resilience Strategy for Atoll Nations

The Blue-Green Atolls Project by the Republic of Marshall Islands begins its preparation phase after securing approval from the Global Environment Facility (GEF) Trust Fund and the Special Climate Change Fund. Initial stages include technical assessments, stakeholder engagement, and the mobilization of complementary public and private finance. With the United Nations Development Programme as the implementing agency, the project receives USD 38.5 million from co-financing and USD 8.537 million from the GEF Project Grant.

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PH Completes In-Country Consultation and Stocktake in the Global Shield Implementation

The Republic of the Philippines continues to make strides as a country pathfinder under the G77-V20 Global Shield against Climate Risks initiative after completing the in-country process and stocktake, led by the Climate Finance Policy Group of the Department of Finance (DOF) and the Institute for Climate and Sustainable Cities (ICSC). Progress is underway for the gap analysis, bringing the country closer to developing its request for Climate and Disaster Risk Finance and Insurance (CDRFI) support.

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