DOF Secretary Carlos Dominguez III MANILA - Department of Finance (DOF) Secretary Carlos Dominguez III underscored anew Thursday the urgency of addressing the worsening climate crisis, saying the "fate of future generations hangs in the balance" if nations continue to dillydally on the implementation of "practical and localized" projects to save the planet from global warming. Dominguez said this was the reason why the Philippines has decided to pursue its grassroots-based climate action projects on its own if necessary without waiting for the annual US$100-billion climate financing pledged 12 years ago by industrialized nations to developing economies, which are the most vulnerable to the impact of planet warming. He thanked one of these industrialized nations the United States for awarding the Philippines with a climate action project designed to support localized initiatives on adapting to and mitigating the effects of climate change. Launched Thursday, t