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Climate Change Financing in the Philippines

Climate Change Financing in the Philippines. JEAN R. CENTENO National Economic and Development Authority 24-26 June 2012 Bangkok, Thailand. Outline of Presentation. Mainstreaming Climate Change (CC) in the 2011-2016 Philippine Development Plan and the 2011-2016 Public Investment Program

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Climate Change Financing in the Philippines

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  1. Climate Change Financing in the Philippines JEAN R. CENTENO National Economic and Development Authority 24-26 June 2012 Bangkok, Thailand

  2. Outline of Presentation • Mainstreaming Climate Change (CC) in the 2011-2016 Philippine Development Plan and the 2011-2016 Public Investment Program • Reported Programs and Projects (PAPs) in the 2011 Official Development Assistance (ODA) Report • Percentage Share of CC PAPs in the 2011 ODA • Percentage Distribution of CC PAPs per Sector • Sources of CC Financing / Existing Financing Window • Potential Sources of Climate Change Finance • Opportunities and Challenges in programming and mobilizing public investment for CC

  3. + NARD (16-POINT AGENDA) ACHIEVE INCLUSIVE GROWTH, CREATE EMPLOYMENT OPPORTUNITIES AND REDUCE POVERTY Anchored on President Benigno S. Aquino III’s “Social Contract with the Filipino People” Overarching theme: inclusive growth and good governance

  4. I. Mainstreaming Climate Change in the 2011-2016 Philippine Development Plan • 6 out of 10 chapters of the PDP are CCA/DRR proofed . • Strategies espoused in the PDP are consistent with the actions required in the 2011-2028 National Climate Change Action Plan (NCCAP). • PDP is currently being revalidated to ensure that strategies remain relevant and achievable.

  5. Major CC/DRR/M Strategies in the 2011-2016 PDP • Strengthening institutional capacities of national and local governments for CCA and DRR • Improving adaptive capacities of communities to the impact of climate change • Building resilience of the natural ecosystems • Promotion of environment friendly technologies for industry and transportation sectors • Promotion of clean and renewable energy

  6. Mainstreaming Climate Change Adaptation and Disaster Risk Reduction in the 2011-2016 Public Investment Program

  7. II. ODA Programs and Projects (PAPs) with CC Components Percentage Share of CC PAPs in the 2011 ODA

  8. Percent distribution of 2011 CC PAPs per sector/category

  9. Sources of 2011 CC PAPs Financing • Multi-lateral Sources • ADB, FAO, GEF, IFAD, MDGF, UNDP, UNEP, UNIDO, and WB (e.g., through the climate change window on Special Climate Change Fund – SCCF) • 2. Bilateral Sources • AUSAID, Austria, China, Czech Republic, Germany (BMZ, GIZ, KfW or through Initiative for Climate and the Environment - IKLU), Japan (JICA, KOICA, JIRCAS or through Cool Earth Partnership ) New Zealand, Norway, Spain, and USAid 56%

  10. III. Potential Sources of CC Finance

  11. III. Potential Sources of CC Finance

  12. III. Potential Sources of CC Finance

  13. IV. Opportunities and Challenges in programming and mobilizing public investment for CC • A. Opportunities • CC strategies are already identified as priority in the 2011-2016 PDP as well as local and sectoral plans • Availability of success stories on pilot projects/interventions on CC/DRRM which can be up-scaled • CC projections and sectoral vulnerability assessment conducted as basis for CC interventions design • Availability of funding window to support implementation of CC/DRR/M initiatives

  14. IV. Opportunities and Challenges in programming and mobilizing public investment for CC • B. Challenges • Logical tagging/classification of CC and DRR/M-related PAPs • Harmonization of PAPs identified in the 2011-2016 PIP with the interventions/PAPs geared toward achieving the immediate outcomes of the NCCAP • Capacity building for implementing climate change actions • Further involvement of sub-national actors at the planning stage

  15. End of Presentation

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