The Department of Finance (DOF), in partnership with the Global Green Growth Initiative (GGGI), launched the Green Climate Fund (GCF) Handbook for the Philippines and the GCF Philippines website during the first “National Stakeholders Conference on the GCF in the Philippines” on June 27, 2024.
The GCF is the largest multilateral climate fund in the world, established to serve the Paris Agreement under the United Nations Framework Convention on Climate Change (UNCCC) to support low-emission development and climate resilience projects in developing countries.
The conference, with the theme “Driving Collective Action through Accessible Climate Finance,” gathered representatives from the Philippine government, civil society organizations, local government units, private sector, indigenous peoples (IPs), academe and multilateral institutions to exchange insights on leveraging the GCF to accelerate climate action and identifying opportunities for fostering synergy among stakeholders.
The GCF handbook for the Philippines is expected to streamline, simplify and broaden access to a rich mix of blended financing for a pipeline of bankable projects and cross-cutting climate solutions in the Philippines.
Meanwhile, the GCF Philippines website can be an instrument in amplifying the Fund’s visibility in the country and enhancing transparency from project conception to implementation and evaluation.
The conference was led by Finance Undersecretary Joven Balbosa of the International Finance Group (IFG).