UNDP - United Nations Development Programme

Published purpose

This project aims to improve the resiliency and environmental security of Filipino women and vulnerable communities through support for the climate financing environment in the Philippines. It seeks to create an innovative financing ecosystem that help increase investments into nature-based solutions for climate change adaptation and mitigation. Project activities include: (1) establishing a climate finance lab; (2) supporting climate data platforms for research in nature-based solutions finance; (3) training financial institutions to design and incorporate gender-responsive and green and climate-related policies in their lending programs; and (4) establishing an impact management system to report on SDG impacts of green and climate investments by the private sector and financing institutions. The project’s nature-based solutions benefit at least 19 Peoples Organizations and 100 households. At least 3 communities benefit from nature-based solutions projects developed and matched with climate financing instruments. At the national level, the project builds capacity to develop innovative climate finance solutions and SDG impact monitoring of key agencies. This includes Department of Finance, Central Bank of the Philippines, Climate Change Commission, Department of Environment and Natural Resources, Securities and Exchange Commission, and Public-Private Partnership Center.