The Philippines’ climate action programs have garnered $13.5 billion from development partners as of last June, according to the Department of Environment and Natural Resources.
With $13.5- billion technical and funding support, the country is making significant progress in its climate change action plan and support mechanisms, the DENR said.
Secretary Maria Antonia Loyzaga, who also represents President Ferdinand Marcos Jr. in the Climate Change Commission, underscored the importance of strategic coordination with development partners and financial institutions to achieve climate change mitigation and adaptation goals.
“This coordination ensures that adaptation and mitigation efforts are integrated across sectors, scales and regions,” Loyzaga said.
DENR data showed the country’s climate action initiatives were supported by the collaborative efforts of 31 development partners in 94 projects, 23 of which were loan-funded and comprising 96 percent of the total value of $13.5 billion.
The projects are mainly in the transport, agriculture, waste and industrial processes, and energy sectors.
In a statement, the DENR said transport projects alone accounted for $11.79 billion in loans with 21 ongoing and two upcoming projects, while the agriculture sector had $81 million in grants support livelihood enhancements and smart agricultural technologies.
The waste and industrial processes sectors received $11.79 million and $9.22 million, respectively, in project funding.
On the other hand, the energy sector also saw significant investment with projects of $1.08 billion.
The development partners are the Asian Development Bank, World Bank, GIZ, Japan International Cooperation Agency, United States Agency for International Development, European Union, United Nations Development Program and World Food Program, among others.
