Facilitating private sector engagement for the financing of ecosystem-based adaptation in support of the Climate Change Action Plan of the Philippines - Internationale Climate Initiative (IKI)
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Facilitating private sector engagement for the financing of ecosystem-based adaptation in support of the Climate Change Action Plan of the Philippines

As of: January 2021

The National Climate Strategy and National Climate Action Plan adopted by the Philippines focus on ecosystem-based adaptation (EbA) to achieve solutions that are more capable of withstanding the effects of climate change. The project is helping the private sector take a leading role in implementing these EbA goals by developing operational business models and application-focused recommendations for the most important sectors of the country’s economy. The project is also utilising agreements and dialogue between the private sector and the National Climate Commission to develop a long-term strategy for private-public partnerships in the country. Long-term alliances and programmes are also being established between leading government initiatives and conservation associations on the one hand and private enterprise on the other. Insights from past projects are being shared in the Asia-Pacific region and beyond by working with business networks, development financing institutions and others.

State of implementation/results

  • The project supported the launch of the the Bridging Leaders’ Initiative for Climate Resilience (BLICR) Fellowship Program led by the Asian Institute of Management. The program seeks to create partnerships between local government units and the private sector to generate ecosystem-based adaptation (EbA) or nature-based solutions for marine resources that would create value such as green jobs and sustainable livelihoods. A webinar to launch the BLICR Fellowship Program took place in August 2020.
  • The EbA in Banking and EbA in Insurance tracks of the project have successfully kicked-off initial research and stakeholder engagement activities.
  • Earth Security Group hosted two online seminars:

    • „Financing blue carbon: What pathways to mobilise global capital?“ on July 8, 2020
    • „Blueprints to Finance Climate Solutions: Coastal Natural Assets“ on September 23, 2020.

  • Further Links

    Project data

    Country:
    Philippines

    Implementing organisation:
    Earth Security Partnerships C.I.C.

    Political partner(s):
    • Climate Change Commission (CCC) - Philippines

    Implementing partner(s):
    • Asian Institute of Management (AIM) - Philippines
    • Philippine Business for the Environment (PBE) - Philippines

    BMU grant:
    1.434.801,00 €

    Duration:
    03/2017  till  08/2022


    Website(s):

    Video



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