A Celebration With Purpose: VCM’s 25th Anniversary Shines Through Outreach And Compassion

VCM The Celebrity Source marks 25 years by celebrating connection with purpose, choosing to give back through an outreach that highlights how legacy is built not just through success but through service.

The Toughest Phone HONOR X9d 5G Launched At PHP 17,999 With A Chance To Win Tesla Cybertruck

HONOR Philippines launches the highly anticipated HONOR X9d 5G, priced at PHP 17,999.

Why Tarantadong Kalbo Needs Only A Few Lines To Say Everything

In a crowded digital space, Tarantadong Kalbo shows how restraint and intention can make visual commentary speak louder than excess. #PAGEONESpotlight #PAGEONESpotlight_KevinEricRaymundo #PAGEONESpotlight_TarantadongKalbo

Vivant Energy Secures 15-Year PSA To Meet Siquijor’s Growing Power Demand

Vivant Energy secured a 15-year power supply agreement to support Siquijor’s growing electricity demand amid rising tourism and economic activity.

PH Committed To Global Environmental Responsibility

The Philippines takes a proactive approach to climate change with new projects funded by the People’s Survival Fund.


PH Committed To Global Environmental Responsibility

72
72

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The approval of six additional climate adaptation projects through the People’s Survival Fund (PSF) is testament to the Philippines’ commitment to global environmental responsibility, the Climate Change Commission (CCC) said Thursday.

CCC Vice Chairperson and Executive Director Robert Eric E.A Borje made the statement following President Ferdinand R. Marcos Jr.’s allocation of over PHP541 million to the PSF.

“The Marcos administration can mobilize critical domestic resources to advance adaptation measures at the local and community levels, especially at a time when risks and challenges posed by climate change demand immediate and urgent actions,” Borje said.

“If countries like the Philippines can unlock public domestic climate finance, then developed countries must ramp up delivery on their commitments under the UNFCCC (United Nations Framework Convention on Climate Change) and the Paris Agreement.”

The new projects include a PHP271.15 million grant for the Provincial Government of Mountain Province to build a Climate Field School (CFS), aiming to boost agricultural and fisheries sectors.

The Municipality of Maramag, Bukidnon, secured PHP126.40 million for drainage systems and agroforestry development, while Borongan City, Eastern Samar, received PHP117.96 million for embankment infrastructure and reforestation along the Lo-om River.

Other approved projects include a solar-powered lamp project in Cabagan, Isabela (PHP21.28 million), and mangrove rehabilitation in Catanauan, Quezon (PHP2.64 million).

A project development grant worth PHP2 million has also been recently approved for the Water Harvesting Structures Project in Besao, Mountain Province.

Established under Republic Act No. 10174, the PSF is a special fund in the National Treasury that provides long-term finance streams to enable the government to effectively address the problems of climate change through adaptation programs and projects.

The CCC reviews and evaluates project proposals submitted for PSF.

Project proposals are recommended for approval by the PSF Board with concurrence and endorsement from the majority of CCC commissioners.

Project proposals are recommended for approval by the PSF Board.

The CCC also formulates mechanisms towards transparency and public access to information, and develops guidelines to accredit local or community organizations to access the PSF. (PNA)