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Country: Philippines

Description of the Assignment:

The Philippines is one of the most vulnerable countries in the world, mostly from climate change impacts. The country has enunciated policies and programmes to reduce these risks, among others the finalization of its Nationally Determined Contributions (NDC), the Philippines Biodiversity Strategy and Action Plan, the National Climate Change Action Plan (NCCAP). It has also institutionalized a climate budget tagging process for all agencies and developed tools and mechanisms to mainstream climate change and vulnerability assessments in various levels of programming. However, to achieve the desired transformation, funding would be needed not only from government but from private sector as well. Business decisions and investment priorities should be aligned with the country’s ambition to reduce greenhouse gas emissions, and improve adaptation of communities to protect people, assets and communities at risk. The government has been at the forefront of this initiative through several policy measures. These include, the Central Bank’s Sustainable Finance Framework, the Securities and Exchange Commission’s Guidelines on Environmental, Social and Governance reporting, and more recently, the Sustainable Finance Roadmap issued by the Interagency Task Force on Sustainable Finance, led by the Department of Finance.

In order to support the initiatives on increasing public and private sector investments towards mitigating the impacts of climate change and improving the resilience of national and local government agencies and communities, UNDP is undertaking the Project: Accelerating Green and Climate Finance in the Philippines: Nature Based Solutions (Climate Finance PH-NBS), in partnership with the Department of Finance and key agencies. With funding support from the Government of Canada, the Project aims to increase private sector investments into gender-responsive nature-based solutions for climate-resilient technologies, innovations, practices and approaches. This is in support of a just transition to resilient and low emission development that sustains nature and ecosystems and protects the rights of all who are affected and at risk. This Project will contribute to the realization of the economic prize offered by investments in nature-based solutions in the Philippines

Period of assignment/services 32-person day

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