The European Union (EU) will provide over P31.6 billion to support the Philippines' green economy programs under the Team Europe approach. This funding will focus on circular economy, reduced waste, renewable energy, and research. EU Ambassador Massimo Santoro emphasized that the grant, open to the private sector, aims to stimulate economic growth through environmentally beneficial initiatives and will prioritize green economy programs in upcoming free trade negotiations.
Dexter A. SeeBAGUIO City—The European Union will be pouring in more than P31.6 billion to support the Philippines’ green economy programs under the Team Europe approach that will pave the way for the country’s transition toward progress amid a cleaner environment and renewable energy .
Santoro explained that the grant is open to the private sector because it is aimed at stimulating the economy through green initiatives that will be beneficial to the environment and eventually trade. Santoro stressed that green economy is a priority of the EU and its members thus, the support of the green economy initiatives of the Philippines based on their assessment and evaluation of the cooperation agreements that had been previously entered.
Green Economy Renewable Energy EU Funding Team Europe Trade Negotiations
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