Green Climate Fund approves $39.3-M project

THE Green Climate Fund, created to support the efforts of developing countries in responding to the challenge of climate change, has approved the $39.2-million Adapting Philippine Agriculture to Climate Change Project during its 35th board meeting in Incheon, South Korea.

The Korea-based GCF will finance the project through a$26.3-million grant to be co-financed by the $12.9 million from the Philippine government. The Department of Finance (DoF) serves as the Philippines' national designated authority to the GCF.