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In October 2018, a landmark report commissioned as part of the 2015 Paris climate agreement found that “rapid and unprecedented” change is needed to limit global warming to a maximum of 1.5 degrees Celsius. In the clearest warning to date, the United Nations’ Intergovernmental Panel on Climate Change said if global temperatures rise above this point – even by a fraction of a degree – future droughts, floods and heat waves will be drastically worsened.


For decades, the finance sector has dismissed climate change as too nebulous to worry about


Severe weather events are followed by equally extreme financial costs. As Morgan Despres, Head of the Secretariat of the Network for Greening the Financial System (NGFS), told
World Finance
: “Climate change will affect the global economy, and so the financial system that supports it.” A Stanford University study published in May said that failing to limit global warming would cost the global economy tens of trillions of dollars over the next century.

For decades, the finance sector has dismissed climate change as a threat that was either not credible or too nebulous and distant to worry about. But as scientific research provides more



 


Since its establishment in 1972, the Order of National Artists of the Philippines (Orden ng mga Pambansang Alagad ng Sining ng Pilipinas) has seen two sculptors inducted into its honour roll, Guillermo Tolentino (1890-1976) and Napoleon Abueva (1930-2018).

In 1930, Guillermo Tolentino designed and executed in bronze the country’s most important statue of Andres Bonifacio, the complicated initiator of the Philippine Revolution for independence from Spain. ‘Instead of basing his [project] on printed materials, he interviewed people who participated in the Revolution. Bonifacio’s figure was based on the bone structure of Espiridiona Bonifacio, the national hero’s surviving sister.’

Napoleon Abueva, the “Father of Modern Philippine Sculpture”, worked with ‘all kinds of materials such as wood, adobe, metal, stainless steel, cement, marble, bronze, iron, alabaster, coral and brass.’ Students of the University of the Philippines in Diliman, Quezon City, are familiar with his numerous installations found throughout the campus and have most likely been, consciously or subconsciously, influenced by the sculptor’s aesthetic and philosophy which, when the installations were unvei





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