THE Climate Change Commission (CCC) said it won a $10-million grant from the Green Climate Fund to establishing a multi-hazard impact-based forecasting and early warning system for natural calamities.
In a statement yesterday, the CCC said that the Incheon, South Korea based Green Climate Fund’s board has approved the Philippines’ first GCF proposal and will provide $10 million.
It said that the project aims to provide information on climate risks directly to local governments and communities.
“This is just the beginning. The CCC, as the National Designated Authority to the GCF, will remain determined to access more climate finance that can enable genuine and lasting resilience for our vulnerable communities,” Commissioner Rachel S. Herrera said in the statement.
The GCF was formed as a result of the United Nations Framework Convention on Climate Change (UNFCCC) and is the world’s largest climate finance mechanism for developing countries.
CCC said the expected project outcome is a science-based multi-hazard weather and risk information system and improved national and local capacities in implementing a people-centered warning system.
It said the grant will be channeled through the Land Bank of the Philippines, while the weather service, known by its acronym PAGASA, will be the lead implementing body, alongside the Department of Interior and Local Government, the Mines and Geosciences Bureau and Office of Civil Defense, among others.
As of October, the GCF has approved 111 projects worth $5.2 billion, with around 310 million people seen to benefit from increased resilience. — Beatrice M. Laforga