THE PHILIPPINES is allocating most of its share from a multilateral green fund to projects that will protect and conserve the country’s biodiversity, the Department of Environment and Natural Resources (DENR) said on Tuesday.
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THE PHILIPPINES is allocating most of its share from a multilateral green fund to projects that will protect and conserve the countryUnder the 8replenishment of the Global Environmental Facility , the Philippines has been granted $52 million or P2.85 billion.
The DENR, through the FASPS, will work with the GEF Secretariat and other financing agencies during the projectIn the end, it should trickle down to the communities, but at the same time, it should also have a global impact,In June last year, 29 donor governments pledged $5.33 billion to the global fund for the next four years to help meet nature and climate targets, according to the GEF website.
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