The Climate Change Commission (CCC) welcomed the Department of Finance’s (DOF) successful mobilization of EUR 250 million (PHP 15.79 billion) in concessional funding from the French government through the Agence Française de Développement (AFD). Secured under the Climate Change Action Plan, Subprogram 2 (CCAP2), the funding is set to fast-track the country’s transition to a climate-resilient and low-carbon economy.

The CCC recognizes that this milestone supports the effective execution of the Philippines’ Nationally Determined Contribution Implementation Plan (NDCIP), which outlines the country’s roadmap for achieving its climate targets through sectoral actions, enabling policies, and access to finance, technology, and capacity-building. This financing reinforces the NDCIP’s goal of accelerating a just, inclusive, and science-based transition to a low-carbon and climate-resilient development pathway.

The CCC is a key implementing agency of policies under the CCAP framework, particularly those that strengthen climate governance, resilience building, and low-carbon development pathways. The Commission expresses its gratitude to the Government of France, AFD, and partner institutions, including the Asian Development Bank and the Japan International Cooperation Agency, for their sustained support.

“This investment reflects the growing confidence of the international community in the Philippines’ climate leadership,” said CCC Executive Director Robert E.A. Borje.

“It also shows how strong partnerships anchored on shared principles and climate justice can create life-changing, lasting impact, especially for our most vulnerable communities. We must ensure that every peso is matched with integrity, urgency, and inclusive action on the ground,” Borje added.

Anchored on President Ferdinand R. Marcos Jr.’s call for innovative, inclusive, and transformative solutions to the climate crisis, the agreement reflects a shared global commitment to empower vulnerable communities and accelerate the country’s transition to a low-carbon economy.

The CCC  stands ready to work closely with the DOF and relevant agencies in ensuring that climate finance translates into transformative action for Filipino communities on the frontlines of the climate crisis.