The climate change commission (ccc) has welcomed the philippine government's successful bid for a usd6.78 million:
According to Philippines News Agency, CCC Vice Chairperson and Executive Director Robert E.A. Borje emphasized that the funding will help strengthen the country's climate financing mechanisms and support local resilience efforts across the country. He stated that accessible climate finance is the primary engine that turns policy requirements into on-the-ground reality.
"This readiness support is more than a grant; it is an investment in the Philippines' ability to build stronger institutions, develop high-quality climate projects, and empower local governments to respond to the growing impacts of climate change," Borje explained. The grant, approved under the GCF's second replenishment period (GCF-2), makes the Philippines the first country in the Asia-Pacific region to receive this specialized readiness support.
Borje further elaborated on the partnership with the Green Climate Fund, the Development Bank of the Philippines, national government agencies, local governments, development partners, and the private sector to ensure that climate finance delivers concrete and lasting benefits for every Filipino.
The funding will support the 60-month Third Readiness and Preparatory Support Program (RPSP 3), designed to strengthen coordination among government agencies, improve monitoring and evaluation systems, and develop a stronger pipeline of climate investment projects aligned with national priorities. The RPSP 3 will also support the implementation of the National Adaptation Plan and the Nationally Determined Contribution Implementation Plan as communities continue to face stronger typhoons, erratic rainfall, rising sea levels, and other climate-related threats.
Borje stressed that strengthening government institutions is critical to ensuring climate funds reach the communities most vulnerable to climate impacts. "Enhancing institutional readiness is essential to ensuring that climate finance reaches communities where it is needed most," he said.
The CCC noted that as one of the most climate-vulnerable nations, the Philippines needs an estimated USD72 billion or about PHP4.2 trillion from 2020 to 2030 to meet its Nationally Determined Contributions climate mitigation targets in key sectors such as energy, transport, and agriculture. It added that 72.29 percent of the country's target to reduce greenhouse gas emissions by 75 percent depends on international support, highlighting the importance of expanding access to global climate finance.
The CCC reiterated the country's long-standing position that developing nations, despite contributing the least to global emissions, continue to bear the greatest burden from climate change. It added that strengthening institutional readiness and expanding access to climate finance remain key to building a climate-resilient Philippines and fulfilling the country's commitments under the Paris Agreement.
