DENR chief cites framework for special climate fund | Jonathan L. Mayuga

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DENR chief cites framework for special climate fund | Jonathan L. Mayuga
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Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga vowed to implement projects under the 8th cycle of the Global Environment Facility (GEF 8) anchored on a sound, scientific foundation.

DEPARTMENT of Environment and Natural Resources Secretary Maria Antonia Yulo-Loyzaga vowed to implement projects under the 8th cycle of the Global Environment Facility anchored on a sound, scientific foundation.

It was learned that under the GEF 8, the Philippines has one of the largest allocations in the Asean with over 120 projects and programming totaling over $727 million. Learning from its experience in implementing past GEF projects, the DENR said it hopes to address identified gaps. The projects are being eyed “to help realign private sector capital to achieve wider scale and impact, empower local communities to harness their contributions, strengthen their capacities, protect their livelihoods, uplift their socio-economic conditions and enhance resilience.”

The Philippines continues to face more complex challenges in advancing goals toward achieving ecosystem integrity while building a more resilient and inclusive post-pandemic community, she added. “The Philippines is geared up to work with GEF as its staunch partnership in strengthening national commitments to multilateral environment agreements while enhancing and institutionalizing capabilities to translate these commitments into meaningful actions to support sustainable development,” she said.

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