The Korea-based GCF will finance the project through a$26.3-million grant to be co-financed by the $12.9 million from the Philippine government. The Department of Finance (DoF) serves as the Philippines' national designated authority to the GCF.
2-million Adapting Philippine Agriculture to Climate Change Project during its 35th board meeting in Incheon, South Korea.The Korea-based GCF will finance the project through a$26.3-million grant to be co-financed by the $12.9 million from the Philippine government. The Department of Finance serves as the Philippines' national designated authority to the GCF.
The project seeks to enable beneficiaries to incorporate viable climate-resilient agriculture technologies into their practices.The project will also increase awareness about climate change, its risks and its management toward improving food security, increasing household incomes and enhancing resilience.The project will be implemented in at least nine provinces identified as the most vulnerable climate change hot spots based on climate change projections.
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