Facilitating the private sector engagement and dialogue for the financing of ecosystem-based adaptation in support of the Climate Change Action Plan of the Philippines
As of: December 2019
Objective and activities
The project supported the private sector in the Philippines to take a leading role in implementing the EbA objectives of the National Climate Change Action Plan. To this end, it developed business concepts and application-oriented proposals in the field of EbA for the country's most important economic sectors and provided them with them. The project then developed a sustainable strategy for continued cooperation with the private sector through agreements and dialogues between the private sector and the Climate Change Commission, and established long-term alliances and programmes between leading government initiatives and the conservation community on the one hand, and private companies on the other.
State of implementation/results
- In June 2018 the Earth Security Group (ESG) published the solutions brief „Business and ecosystem-based adaptaion in the Philippines” (see “Further Links”). The Brief presents four areas of business innovation for banks and corporates on how to maximize the business value of ecosystem-based climate adaptation in the Philippine in insurance, banking, conservation finance and entrepreneurship. The event was hosted by Aboitz Group.
- In July 2018, ESG together with its local partners, Asian Institute of Management (AIM) and Philippine Business for Environment (PBE), held a private sector workshop to further define and jointly develop the opportunities outlined in the brief into a series of forward-thinking collaboration opportunities to support EbA. Over 60 of the leading companies and banks in the Philippines came together. The event was hosted by Aboitiz Group. For the outcomes see “Further Links”.
- The project will reconvene these working groups at a Policy Workshop in January 2019, co-hosted by local partners AIM and PBE, to follow-up implementation.