P120-M adaptation fund for Mindanao approved

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The People’s Survival Fund Board (PSF) has approved a total of P120 million in funds for two adaptation projects in Mindanao.

In its meeting on November 22, the board also allocated a P60-million grant to fund a facility to support local government units (LGUs) in developing designs of projects that are scientific and risk-based to meet PSF requirements.

The PSF funding will support the projects of the LGUs of Lanuza, Surigao del Sur and Del Carmen, Surigao del Norte that aim to support implementation of respective local climate change adaptation plans of these local governments.

The projects consider the climate risks in the localities.

Key approaches of the projects include integrating natural resource protection and climate-resilient livelihood; protecting watershed, rivers and mangroves; providing technical assistance to vulnerable farmers and fisherfolk, and mechanisms to reduce vector-borne diseases affecting agricultural dependent households; promoting community education on weather forecasting and climate variability to support decision-making for agro-fishery practices; and building a regional center for research and extension.

Secretary and Vice Chairman Emmanuel de Guzman of the Climate Change Commission said the PSF Board is “ensuring that proposed projects to be funded go through thorough review by technical agencies and the CCC panel of experts.”

National Treasurer Roberto Tan, who was designated by Dominguez to preside over meetings of the board on his behalf, remarked, “This is indeed a milestone for the board and the country. We intend to review more proposals by early next year. The board intends to launch calls for proposals this November-December 2016 and another one in the second quarter of 2017.”

Lanuza, a 4th class municipality, is proposing a total of P47.5 million (of which P39.1 million is proposed for funding under the PSF with P8.4 million as LGU counterpart) for their adaptation project, while del Carmen, a 5th class municipality, is proposing a total of P95.6 million (of which P80.7 million is for funding under the PSF and P14.9 million as LGU and state college counterpart).

Created under Republic Act 9729 as amended by RA 10174, the PSF is the Philippines’ national climate fund dedicated to finance climate change adaptation initiatives of LGUs and communities.

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