The Philippines needs to budget more effectively and tap more financing for its climate-change mitigation efforts, given the limited internal resources available to meet its international commitments, the Asian Development Bank (ADB) said. READ:
orts, given the limited internal resources available to meet its international commitments, the Asian Development Bank said.
“Not surprisingly, addressing climate change is a consistent priority across the country’s leadership, whether in government or management of large companies,” the ADB added. “More of these funds are needed, and fast. A pipeline of projects needs to be built, and project sponsors need more capacity to mobilize funds, design projects and engage investors,” it added.
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