The Philippines is seeking up to $10 million in grants from the Green Climate Fund (GCF) under its Third Readiness and Preparatory Support Program (RPSP3) to enhance the nation’s capacity to access climate finance.
The initiative involves two proposals. The first, requesting up to $7 million, aims to strengthen the Department of Finance (DOF) as the Philippines’ National Designated Authority (NDA) to the GCF. It also seeks to develop long-term strategic instruments that complement the National Adaptation Plan and the Nationally Determined Contributions Implementation Plan.
A second proposal, for a maximum of $3 million, will be submitted later, after the approval of the first. This grant would be used to implement and operationalize the strategies and systems developed under the initial proposal. Together, these proposals offer a coordinated approach to bolstering the Philippines’ climate finance readiness.
The Philippines, represented by the DOF, advocated for key reforms to accelerate climate finance access for developing countries at the 42nd GCF board meeting, held from June 30 to July 3, 2025, in Port Moresby, Papua New Guinea.
Among the approved reforms were a revised accreditation framework and the establishment of a GCF Regional Presence.
The revised framework streamlines the process for entities partnering with the GCF to improve efficiency and broaden access to financing. The regional presence will enable the GCF to better understand and respond to local needs, fostering stronger partnerships and ensuring climate finance reaches the “frontline of climate action.”
The board also approved a record $1.225 billion in financing for 17 projects, the largest funding package ever endorsed by the GCF Board in a single meeting. This investment will support various global climate adaptation and mitigation projects.
The DOF also discussed the country’s priority pipeline projects with the GCF and explored solutions for specific issues. The Philippines, through the DOF, continues to influence the GCF’s policy direction as an active Alternate Board Member for the Asia-Pacific Group constituency, supporting reforms to ensure climate finance meets the needs of developing nations.
DOF Undersecretary Maria Luwalhati Dorotan Tiuseco was represented by director John Narag as the GCF alternate board member during the meeting.
