Nation: Philippines
Description of the Task:
The Philippines is without doubt one of the most susceptible international locations on the planet, principally from local weather change impacts. The nation has enunciated insurance policies and programmes to cut back these dangers, amongst others the finalization of its Nationally Decided Contributions (NDC), the Philippines Biodiversity Technique and Motion Plan, the Nationwide Local weather Change Motion Plan (NCCAP). It has additionally institutionalized a local weather finances tagging course of for all businesses and developed instruments and mechanisms to mainstream local weather change and vulnerability assessments in numerous ranges of programming. Nevertheless, to attain the specified transformation, funding could be wanted not solely from authorities however from non-public sector as effectively. Enterprise selections and funding priorities needs to be aligned with the nation’s ambition to cut back greenhouse fuel emissions, and enhance adaptation of communities to guard folks, property and communities in danger. The federal government has been on the forefront of this initiative by way of a number of coverage measures. These embrace, the Central Financial institution’s Sustainable Finance Framework, the Securities and Trade Fee’s Tips on Environmental, social and Governance reporting, and extra not too long ago, the Sustainable Finance Roadmap points by the Interagency Job Drive on Sustainable Finance, led by the Division of Finance.
In an effort to assist the initiatives on rising private and non-private sector investments in direction of mitigating the impacts of local weather change and enhancing the resilience of nationwide and native authorities businesses and communities, UNDP might be enterprise the Mission: Accelerating Inexperienced and Local weather Finance within the Philippines: Nature Primarily based Options (Local weather Finance PH-NBS). With funding assist from the Authorities of Canada, the Mission goals to extend non-public sector investments into gender-responsive nature-based options for climate-resilient applied sciences, improvements, practices and approaches. That is in assist of a simply transition to resilient and low emission improvement that sustains nature and ecosystems and protects the rights of all who’re affected and in danger. This Mission will contribute to the belief of the financial prize provided by investments in nature-based options within the Philippines.
Interval of project/providers 55-person days
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