Philippine News Agency
Canada commits funding to PH’s climate projects until 2026: Palace
Canada has committed $5.3 billion in climate finance assistance to the Philippines to help reduce the climate finance gap through nature-based solutions projects.
The Canadian government's support will focus on promoting biodiversity conservation, climate change mitigation, adaptation, and resilience, with a consideration for gender equality.
Andrew Hurst of Global Affairs Canada stated that Canada will remain engaged in climate finance and bilateral assistance programs in the Philippines.
The initiative, running until 2026, aims to address interconnected issues such as poverty reduction, gender inequality, and the support of communities dependent on nature for their livelihoods.
This project also seeks to conserve and sustain biodiversity within the Philippines.
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