Environment Secretary Roy Cimatu on Wednesday cited the government’s “considerable progress” in providing funds for climate resilience in the last four years.
He said the government has signified its serious commitment to build safe and sustainable communities in the face of climate change.
“Since we started tagging the climate change budget in 2015, there has been an increasing trend in the budget that supports climate adaptation and mitigation,” he added.
He said the budgetary allocation for climate change increased to P132 billion in 2019 from P76 billion in 2015.
Despite the increase, the Department of Environment and Natural Resources said the amount was still “not enough” to generate more and better targeted investments for climate resilience.
He credited the risk reduction program (RRP) to the country’s progress in climate finance.