ACKNOWLEDGING government limitations, the Climate Change Commission (CCC) is calling for more private sector investments for climate action projects, an official said over the weekend.
“The government simply cannot do it alone,” Robert E.A. Borje, vice-chairman of the CCC told reporters on Saturday. “So (the private sector) needs to invest also. It also becomes a good business sense because they need to adapt.”
However, he said government should be able to provide the incentives and the support needed so that companies would invest in these projects, making them “as strong and as climate adaptive as possible.”
Mr. Borje said the CCC is “almost done” with the national adaptation plan which aims to reduce the impact of climate change, create long-term support mechanisms for climate change technologies, and facilitate the adaptation of climate change measures into policies, programs and activities.
By next year, the CCC will work on the implementation plan of the Nationally Determined Contribution, a climate action plan to cut emissions and adapt to climate impacts.
“Moving forward it is important that there is enough funding for these two, and that is the next step,” Mr. Borje said.
Meanwhile, the CCC is also planning to conduct a climate roadshow. “We will go to the different, key, local government units along with other stakeholders para pag-usapan ang ano pa ang dapat gawin pag dating sa adaptation (ng climate initiatives),” he said. — Adrian H. Halili
