The national government is hiking its climate change spending next year by 17 percent to over P540 billion as it plans to strengthen the country’s mitigation and adaptation efforts.
The 2024 NEP showed that around 68 percent of the proposed CC budget next year or about P355.302 billion would be allocated for adaptation measures and programs while P165.396 billion would be earmarked for mitigation efforts. Bulk of the DPWH’s CC funding would go to its flood management program with an allotment of P215.6 billion for the construction of new and rehabilitation of existing flood mitigation structures along major and principal rivers, according to the budget documents.
Source: Energy Industry News (energyindustrynews.net)
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