FINANCING climate change programs of the Local Government Units (LGUs) will be given quicker access by the Department of Finance (DOF) through proper resource mobilization and private sector participation.

“The DOF stands ready to assist LGUs in the realization of their climate projects, thus advancing the Philippines’ climate agenda as envisioned in the President’s 8-Point Socioeconomic Agenda of establishing livable and sustainable communities,” Finance Secretary Benjamin Diokno said.

The Climate Change Commission under the theme, “Bayanihan Para sa Klima: Bagong Bansang Matatag,” will be hosting the 16th Global Warming and Climate Change Consciousness Week (CCC Week) from Nov. 19 to 25, 2023.

Finance Undersecretary Maria Luwalhati Dorotan Tiuseco, who attended the Stakeholders Forum for Accelerated Climate Action and Transformation for Local Communities (ACT LOCAL), made the statement on behalf of Diokno.

Tiuseco explained that the DOF is conducting a more strategic resource to be able to have a better adaptive capacity at the local level.

It would likewise invest in resilient communities and local governments, and mobilize resources for social protection.

On the other hand, the DOF, which is serving as Chair of the People’s Survival Fund (PSF) Board, had approved 11 climate adaptation projects and six projects for Project Development Grant with a combined amount of P889.6 million.