December 24, 2023

Prompting Calls for Transparent and Inclusive Finance Management As Philippines Ramps Up Climate Budget for 2024

Manila, December 25, 2023 – The Philippines’ Department of Budget and Management (DBM) claimed that the budget on climate change adaptation and mitigation  has significantly increased compared to 2023 budget allocation. For 2024, the Philippines has proposed allotting 543.45 billion pesos ($9.74bn) for climate expenditures, a 17 percent increase in spending from the current year, which was already 60 percent higher than 2022.

It’s not enough to simply funnel money towards political leaders of countries in need of climate finance. Civil society must be involved every step of the way. 

Fread De Mesa holds a sign that states our survival is non-negotiable during Global Day of Action for Climate Justice” on Saturday, December 9, 2023. Photo: AC Dimatatac


Fread De Mesa, 350 Pilipinas’ national coordinator emphasized that finances should be for people and not for profit.

“Coming from among the most vulnerable countries to the impact of the climate crisis, we understand the importance of ensuring that funds allocated for climate action truly benefit vulnerable communities by addressing both mitigation and adaptation needs. Transparency and accountability in the utilization of these funds are crucial to ensure they are effectively channeled to where they are most needed.”⁠ -Fread De Mesa

Involving non-state actors in these discussions can lead to more comprehensive, effective and ethical strategies, and civil society also plays an important role in helping to educate people in local communities so they too can contribute to a checks-and-balances system to make sure these funds are used efficiently and equitably.

Read the article here:

Media Contact

Nadia Cruz

[email protected]