MSSpotlight Environment and Sustainability: World Bank urges PH to give perks on ‘smart agriculture’ READ MORE:
World Bank officials said the government should expand the access of climate financing to the private sector in a Country Climate and Development Report 2022 it presented in a forum of the Southeast Asian Regional Center for Graduate Study and Research in Agriculture .It also urged the Philippines to make investment policies for climate action attractive and encouraged access to environmental, social and governance bonds.
Dr. Stefano Pagiola, World Bank senior environmental economist, also said at the SEARCA forum that attractiveness of climate smart agriculture practices to farmers should be improved, citing three benefits such as increased productivity, higher resilience and lower greenhouse gas emissions. In Visayas and Cordillera, another technology with good financial return is rice-onion crop rotation with the use of early maturing rice.
Climate change adaptation techniques in agriculture enable crops to withstand increasing temperature from global warming and receding rainfall.
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