Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Sustainable cities to require private sector investment, DENR says

by
July 26, 2022
in Investing News
0
Sustainable cities to require private sector investment, DENR says
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter
DENR FACEBOOK PAGE

ENVIRONMENT Secretary Maria Antonia Y. Loyzaga said private sector investment will be required to make cities more sustainable and climate-resilient.

The private sector can have “an influence on how cities are shaped and the way investments are made in infrastructure,” she said at the post-State of the Nation Address economic briefing on Tuesday.

“The private sector through their programs and core business values, and environmental, social, and governance (ESG) programs need to keep in mind the risks we face,” she added.

The Department of Environment and Natural Resources (DENR), she said, recognizes the need for “resilience to keep our cities and communities safe, as well as the ecosystems that support them. Keep in mind that many major cities are coastal, or in fact, influenced or aided in development by river systems.”

She also cited the need for integrated water resource management.

“The way we need to approach this is to look at different sectors and look at the demand for the kind of sustainability we want to achieve. We need to reverse engineer, because many of our cities are water stressed,” she said.

“We know from hazards from the past but there is uncertainty in climate change. We must invest in the plausible, not just the possible, in building our cities. The preservation of the environment is the preservation of life. That is the mother statement of the DENR’s vision,” she added.

In his address to Congress on Monday, President Ferdinand R. Marcos, Jr. said that he instructed the DENR and the Department of Public Works and Highways to explore possible partnerships with the private sector to work on climate change and disaster preparedness.

“The Philippines has excellent laws on the environment, but we have to guarantee that these laws are properly enforced. And this will require a great deal of coordination and cooperation between concerned government agencies and private stakeholders,” he said.

“Companies who exploit our natural resources must follow the law. We all have the responsibility to preserve this Earth, for we are but custodians, and we will pass on this great treasure to future generations. If we cannot mitigate climate change, all our plans for the economy, all our plans for our future, will be for naught,” he added.

He also said that investing in technology that will boost capacity-building for natural disaster resiliency will be a priority.

“Geographically, we are a disaster-prone country… investment in science and technology is imperative to enable us to have accurate weather forecasts and on-time disaster alerts,” he said.

“Studies show that already many areas in the Philippines are at high risk from the rise in sea levels brought about by the increase in global temperature. We must adapt to this phenomenon with disaster-proof planning of our communities,” he added. — Luisa Maria Jacinta C. Jocson

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
BoI approves P60-M Batangas hydroponic vegetable production project

BoI approves P60-M Batangas hydroponic vegetable production project

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Cebu City deploys buses amid lack of public transport service providers 

Cebu City deploys buses amid lack of public transport service providers 

June 26, 2022
UKs funniest business name revealed

UKs funniest business name revealed

June 10, 2022
Yields on government securities mixed

Yields on government securities mixed

July 24, 2022
Lewandowski set to join Barça after verbal agreement with Bayern

Lewandowski set to join Barça after verbal agreement with Bayern

July 17, 2022
From subway stations to malls, Taiwan prepares air-raid shelters

From subway stations to malls, Taiwan prepares air-raid shelters

August 2, 2022
Make your smart move to the East at Sierra Valley Gardens

Make your smart move to the East at Sierra Valley Gardens

June 13, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.