A new private sector-led global organization that has committed an initial $10 billion to help accelerate the implementation of clean energy projects in developing economies highly vulnerable to climate change is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy sources, the Department of Finance said Friday.
The DOF said in a statement Finance Secretary Carlos Dominguez III recently met in Glasgow, Scotland with Dr. Rajiv Shah, the president of the Rockefeller Foundation, one of the pioneers of the Global Energy Alliance for People and Planet (GEAPP), to briefly discuss a possible list of projects that the organization can help fund for the Philippines.
Aside from the Rockefeller Foundation, the GEAPP was also recently launched by the IKEA Foundation and the Bezos Earth Fund on the sidelines of the 26th United Nations Climate Change Conference of the Parties (COP26) held in Glasgow.
