THE Philippines has secured a total of $13.5 billion in technical and funding support from development partners to implement its climate change action plan and support mechanisms as of end-June, according to the Department of Environment and Natural Resources (DENR).
DENR said projects to be funded are mainly in the transport, agriculture, waste and industrial processes and energy sectors.
Transport projects alone account for $11.79 billion in loans with 21 ongoing and two upcoming projects, the agency said.
The agriculture sector has $81 million in grants as support for livelihood enhancements and smart agricultural technologies.
DENR said waste and industrial processes sectors received $11.79 million and $9.22 million, respectively, in project funding, while the energy sector has projects totalling to $1.08 billion.
DENR Secretary Maria Antonia Yulo Loyzaga said the country’s National Adaptation Plan (NAP) and Nationally Determined Contribution Implementation Plan (NDCIP) are actively addressing climate change impacts and helping local governments become more resilient through greenhouse gas emissions reduction and capacity-building.
The NDCIP is a document containing the country’s contribution to the goals of the Paris Agreement on greenhouse gas emissions.
The NAP is the country’s plan to mitigate and adapt to the adverse impact of climate change.
DENR said the United Kingdom and the Asian Development Bank (ADB) have been key supporters of the Philippines’ climate action efforts in line with fulfilling the country’s commitments to the Paris Agreement.
The UK provided financial, scientific and technical support towards drafting the NAP, the agency said.
The ADB assisted the country in identifying the strategies and targets towards the reduction of greenhouse gas emissions and cost of sectoral transitions in the NDCIP, it added.
