Manila, Sept. 25 -- The Philippine government has asked states to "stand firmly" behind and scale up financing for the Loss and Damage Fund.

The mechanism is aimed at meeting the urgent needs of vulnerable and developing countries, which bear the irreversible impact of climate change or the so-called "loss and damage."

Speaking at the High-Level Event on Responding to Loss and Damage during the 80th United Nations General Assembly on Sept. 23, Foreign Affairs Secretary Ma. Theresa Lazaro said losses by states, while experienced locally, "reverberate globally."

"A flooded field in Asia raises food prices worldwide. A collapsed port in the Caribbean disrupts shipping and insurance markets. A vanished Amazon forest weakens the planet's ca...