Addressing the 42nd ASEANSummit in Labuan Bajo town of Indonesia, he held that developed countries havea moral obligation to support adaptation and mitigation efforts of the mostvulnerable countries through technology transfer, capacity building, andclimate financing to address loss and damage, and to achieve necessarybreakthroughs for climate action at a global scale, according to a statementpublished by his Presidential Communications Office.
Although developing countries likethe Philippines only account for less than 1% of global emissions, these countriesbear the brunt of the devastating impacts of climate change, he pointed out.
Marcos also called for solidarityamong the ASEAN members.
The Philippine President recommended thatrecognising a cleaner energy future is anchored on the supply of criticalminerals, ASEAN should now start enhancing regional cooperation towardsboosting the region's strategic industrial metals and minerals value chain./.