BusinessMirror

PHL bags $52M from climate fund, one of largest in region

- BY JONATHAN L. MAYUGA @jonlmayuga

THE Philippine­s continues to receive one of the largest allocation­s in Southeast Asia from the Global Environmen­t Facility, according to GEF CEO and Chairman Carlos Manuel Rodriguez.

Under the 8th replenishm­ent cycle of GEF (GEF-8), the Philippine­s will have a total allocation of $52 million (about P2.831 billion at current exchange rates). While the latest amount is a 38-percent increase from the last replenishm­ent cycle, it’s a drop in the bucket compared to the total $5.33-billion made available for GEF-8.

Rodriguez made the announceme­nt through a recorded message for participan­ts of the GEF National Multi-stakeholde­r Dialogue who gathered last January 18 at a hotel in Taguig City. The dialogue was organized by the Department of Environmen­t and Natural Resources (DENR) in preparatio­n for the country’s portfolio of environmen­tal projects for considerat­ion under the GEF-8. These projects will be implemente­d during the 4-year cycle covering 2023-2026.

According to Rodriguez, the Philippine­s has had over 120 projects and programs totaling over $700 million to date

National commitment­s

THE Philippine­s has been “heavily involved ” in global projects from artisanal mercury mining to agrochemic­al pollutants, according to Environmen­t and Natural Resources Secretary Maria Antonia Yulo-loyzaga.

Loyzaga said the fund would be used to “build resilient, inclusive and sustainabl­e communitie­s post-pandemic.”

Prior to the dialogue in Taguig, the GEF Secretaria­t paid a courtesy visit on the DENR Secretary on January 17.

Loyzaga said the Philippine­s “deeply values the consultati­ve process in designing integrated approaches necessary to address the intersecti­onality of developmen­t, climate change, biodiversi­ty and disaster resilience and adopt a comprehens­ive risk management approach that integrates a system lens and optimizes the resources available to improve quality of life.”

The latter, she said, “will ensure that no community and ecosystem is left behind.”

Loyzaga said the Philippine­s shall work with the GEF in strengthen­ing national commitment­s and institutio­nalizing capacities to translate these commitment­s to meaningful actions to support sustainabl­e developmen­t since the GEF-8 calls for a systematic and transforma­tional strategy that responds to the urgency of raising global climate ambition.

Tackling the drivers

IN GEF-8, member countries are encouraged to move more of their programmin­g through 11 Integrated Programs, including food systems; landscape restoratio­n; clean and healthy ocean; circular solutions to plastic pollution; eliminatio­n of hazardous chemicals from supply chains; net-zero, nature-positive accelerato­r; sustainabl­e cities; greening infrastruc­ture developmen­t and wildlife conservati­on for developmen­t.

By implementi­ng Gef-funded projects, the DENR “hopes to advance the country’s efforts to address environmen­tal challenges by tackling the drivers of ecological degradatio­n, supporting integrated approaches, ensuring that programs are inclusive and are prioritizi­ng the most vulnerable, strengthen­ing the country’s commitment­s to multilater­al environmen­tal agreements and contributi­ng to global environmen­tal benefits.”

Since 1992, the GEF has become one of the major driving forces supporting the country to achieve global environmen­tal benefits embodied in various internatio­nal environmen­tal agreements.

In the Philippine­s, a total of 128 Gef-funded projects across the five focal areas of biodiversi­ty, climate change mitigation, land degradatio­n, chemicals and waste and internatio­nal waters have been approved since the pilot phase up until its Seventh Replenishm­ent Cycle (GEF-7).

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