Finance Secretary Benjamin Diokno is urging multilateral development banks and the private sector to ramp up support for climate mitigation and adaptation measures, the Department of Finance said Saturday.
According to Diokno, the DOF has advocated for a three-pronged blended approach of grants, investments, and subsidies as modalities of climate finance. Diokno said that the Coalition has increasingly demonstrated its accountability towards addressing the needs of developing and highly vulnerable countries such as the Philippines.
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