ICSC: PSF selection should be transparent, fair, and equitable

2023-11-22T16:55:18+08:0022 Nov 2023|Tags: , , , , , , , , |

QUEZON CITY, November 22, 2023 – The Board of the People’s Survival Fund (PSF), chaired by the Department of Finance (DOF), approved five climate change adaptation projects endorsed by the Climate Change Commission (CCC) last October 23, amounting to a total of PHP 540.3 million.  In the 20th meeting of the PSF Board, the Development [...]

DOF, other V20 finance ministers call for global finance reforms to manage debt, climate impacts

2022-10-19T15:29:56+08:0019 Oct 2022|Tags: , , , , , , , , , , , |

WASHINGTON DC, 19 October 2022 – At the recently held annual meetings here of the International Monetary Fund (IMF) and World Bank, the Vulnerable 20 Group of Finance Ministers (V20) called for debt restructuring and other global financing reforms to help them manage the economic threats of both debt and climate change. The Philippines was the founding chair of the V20 in its establishment in 2015.

ICSC lauds higher ambition in draft climate plan (Current draft proposes 75% reduction in emission)

2021-02-03T15:22:17+08:0003 Feb 2021|Tags: , , , , , |

3 FEBRUARY 2021, Quezon City – The Department of Finance (DOF) and Climate Change Commission (CCC) today organized a public consultation on the Philippines’ climate action plan, or Nationally Determined Contribution (NDC) to the Paris Agreement. The latest draft NDC would see the country committing to reduce emissions by 75 percent, 2.33 percent of which [...]

DOF Sec. Dominguez underscores need for climate-smart insurance in vulnerable economies

2019-08-17T06:46:44+08:0016 Aug 2019|Tags: , , , , , , , , |

MANILA, 16 August 2019 – “The Philippine government is keen on strengthening its policies on climate financing,” Department of Finance (DOF) Secretary Carlos Dominguez stated in his remarks for today’s forum on climate-smart micro, small, and medium enterprise (MSME) insurance in vulnerable and emerging economies. “The challenges posed by climate change demand all hands be [...]

NGO hails Duterte admin approval of P192M for local climate action

2019-03-07T11:05:42+08:0007 Mar 2018|Tags: , , , , |

PHOTO: Finance Secretary Carlos Dominguez signs local climate fund agreements with 4 LGUs on March 7. (c) AC Dimatatac/ICSC   REACTIVE MANILA, March 7, 2018 – A Manila-based international climate policy group applauded the Duterte administration’s move granting close to P200 million in climate funds to four local governments. The approval is a response to communities [...]

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