Senate Bill 2558

Senate Bill 2558 entitled ‘An Act Establishing the People’s Survival Fund to Provide Long-Term Finance Streams to Enable the Government to Effectively Address the Problem of Climate Change, Amending for the Purpose Republic Act No. 9729, otherwise known as “The Climate Change Act of 2009”, and for other purposes was authored by Senator Juan Ponce Enrile. This Senate Bill seeks to amend the following sections of R.A. 9729: 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16, 17 and to insert section 18, 19, 20, 21, 22, 23, 24 and 25 under a new Title III which is entitled as the People’s Survival Fund. Under provisions under Title III are the following: The Creation of People’s Survival Fund, Sources of the Fund, Uses of the Fund, The People’s Survival Fund Board and its Powers and Functions, the Role of the Commission in the Utilization of the People’s Survival Fund, Community Participation and Trustee.