PH to access Green Climate Fund – Legarda

Senator Loren Legarda is organizing efforts for the Philippines to tap the Green Climate Fund (GCF) by the end of this year or early next year, her office said after she returned from a high-level GCF dialogue in Bali last week.

The Green Climate Fund is a fund established by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) to support climate resilience and mitigation efforts in developing countries. The GCF is intended to provide financing through loans, equity, guarantees, and grants, and requires that beneficiary countries and their proposed projects be accredited, which is the process the Philippines is now working through.