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PH gets 10.7M euro funding for climate resilience projects
PTVPhilippines
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12/11/2024
PH gets 10.7M euro funding for climate resilience projects
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Transcript
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00:00
The European Union is providing 10.7 million euros or 655 million pesos to support the
00:06
Philippines' climate mitigation efforts. The funding is part of the Climate Investor II fund
00:11
which focuses on water, waste, and ocean infrastructure in developing countries.
00:16
According to Philippine News Agency's report, a portion will fund a bioenergy facility in
00:21
San Miguel Isabela set to begin construction in late 2025. The project includes a 10-megawatt
00:27
biomass plant and a 4-megawatt biogas plant, reducing carbon emissions by 40,000 tons annually
00:34
while generating renewable energy. The initiative tackles agricultural waste and promotes sustainable
00:39
energy for local communities, aligning with the country's climate goals. EU and Dutch ambassadors
00:45
emphasize the importance of public-private collaboration to build resilience against
00:49
climate change.
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