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Preparing the Ground for Climate Finance Readiness in the Philippines

Preparing the Ground for Climate Finance Readiness in the Philippines. Inside the People’s Survival Fund. PANEL 2: Operationalizing the PSF Enhancing the way we confront climate change. Broad stroke.

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Preparing the Ground for Climate Finance Readiness in the Philippines

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  1. Preparing the Ground for Climate Finance Readiness in the Philippines Inside the People’s Survival Fund PANEL 2: Operationalizing the PSF Enhancing the way we confront climate change

  2. Broad stroke Creating the precedence to establish effective climate finance mechanisms in the Philippines Fine print Direct Access Social Justice Ownership & coherence Mutual accountability Context beneath the text

  3. The People’s Survival Fund To finance adaptation programs and projects that are directly supportive of the objectives enumerated in the Climate Change Action Plans of local government units and communities A domestic “rewards fund” aimed at addressing urgent adaptation needs

  4. Multi-sectoral NGOs LEGISLATIVE CHAMPIONS LGUs People’s Organizations Media

  5. The People’s Survival Fund Intended to mainstreaming climate change at the local level

  6. It’s a plumbing job.

  7. GRASSROOTS RESILIENCE

  8. Principles PSF

  9. Principles DIRECT PSF SOCIAL ACCESS ADAPTATION-FOCUS JUSTICE

  10. Direct Access PSF Principles Communities not passing through intermediaries Civil society participation Community ownership & harmonization Community-driven projects on adaptation Multi-stakeholder processes Coordination & coherence among institutions Predictable and long-term Alignment with country strategic priorities Stable source of funding intended for long-term impacts Participation of civil society Results National Climate Change Action Plan Mainstreaming of climate change into development planning

  11. SPECIAL FUND NATIONAL TREASURY FINANCING ADAPTATION

  12. SOURCES OF THE PSF Php 1,000,000,000GAA Augmented by donations, endowments, grants, contributions

  13. Where should it flow? improvement of the monitoring of vector-borne diseases triggered by climate change, and in this context improving disease control and prevention; early warning systems as part of preparedness for climate related hazards; supporting institutional capacity-building, both for national and local governments, in partnership with local communities and civil society groups, for preventive measures, planning, preparedness and management of impacts relating to climate change, including contingency planning, for droughts and floods in areas prone to extreme weather events serving as a guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders adaptation activities in the areas of water resources management, land management, agriculture and fisheries, health, infrastructure development, fragile ecosystems including mountainous ecosystems, and integrated coastal zone management;

  14. USES OF THE FUND

  15. ADAPTATION ACTIVITIES Government Units Local Communities

  16. Adaptation activities water resources management land management agriculture and fisheries health infrastructure development natural ecosystems including mountainous and coastal ecosystems where sufficient information is available to warrant such activities

  17. Monitoring of vector-borne diseases Disease control Prevention

  18. ForecastingEarly Warning Preparedness for climate-related hazards

  19. partnership with local communities and civil society groups preventive measures, planning, preparedness and management of impacts contingency planning droughts and floods in areas prone to extreme climate events Institutional development for LGUs partnership with local communities and civil society groups preventive measures, planning, preparedness and management of impacts contingency planning droughts and floods in areas prone to extreme climate events

  20. Strengthening regional centers and information networks to support climate change adaptation initiatives and projects

  21. Serving as a guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders

  22. Community adaptation support programs by local organizations accredited by the Commission

  23. Who holds the wrench? The Fund will be managed by a PSF Board composed of Department of Finance, CCC, Department of Budget and Management; National Economic and Development Authority; DILG; PCW; and representatives from academe, business sector and non-government organizations

  24. Promulgate policies that will maintain the fiduciary character of the Board; POWERS FUNCTIONS PSF Provide overall strategic guidance in the management and use of the fund, including but not limited to the development of funding windows for various adaptation activities, including counterpart funding arrangements, and guidelines for project assessment, approval and evaluation; BOARD Develop social, financial and environmental safeguards to be used in project implementation;

  25. POWERS Identify additional sources for the fund Issue final approval of projects for the use of the fund Adopt a conflict of interest policy to ensure that board members will not vote on projects if they have a direct stake therein Ensure an independent 3rd party evaluation and auditing of activities supported by the fund FUNCTIONS PSF BOARD

  26. ROLE OF THE PSF CCC PSF UTILIZATION

  27. PSF PROJECT PROPOSAL EVALUATION REVIEW RECOMMENDING APPROVAL FORMULATE MECHANISMS FOR TRANSPARENCY AND PUBLIC ACCESS TO INFO NOT AN IMPLEMENTOR

  28. LOCAL ACCREDITATION Commission to develop guidelines to accredit local organizations seeking to access the fund Organizations will be accredited based on criteria such as organizational independence, track record in the community and/or field of expertise, financial management, and participatory practices

  29. LOCAL ACCREDITATION Commission to develop guidelines to accredit local organizations seeking to access the fund Organizations will be accredited based on criteria such as organizational independence, track record in the community and/or field of expertise, financial management, and participatory practices

  30. Level of risk and vulnerability Participation of affected communities in project design; Poverty reduction potential; Cost effectiveness and sustainability; Co-benefits extending beyond LGU territory; Maximization of multi-sectoral or cross-sectoral benefits; Responsiveness to gender–differentiated vulnerabilities Local CC Action Plan PSF PRIORITIZATION FUND ALLOCATION CCC to develop criteria

  31. Community Participation Transparency community representatives and/or NGO counterparts may participate as observers in the project identification, monitoring and evaluation process of the Commission Vulnerable Marginalized

  32. THE PEOPLE’S WILL TO FACE SURVIVAL THE FUTURE FUND

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