Global Green Growth Institute
room 19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
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Support for the Operationalization of the People's Survival Fund

IATI Identifier:

Published on IATI
  • date_range Jan 01, 2017 - Jan 31, 2019
  • autorenew Closed (Status)

The PSF was legislated through Republic Act 10174 amending the Climate Change Act of 2009. The PSF was established as a special fund under the National Treasury dedicated to finance local climate change adaptation interventions that aim to respond to the National Framework Strategy on Climate Change (NFSCC) and the National Climate Change Action Plan (NCCAP) with a minimum allocation of approximately USD 25 million annually. The PSF is mainly designed for the local government units (LGUs) and government-accredited local community organizations (LCOs), specifically to address the funding gaps for the local climate adaptation projects that are aligned with the national/ local climate change adaptation-disaster risk reduction plans and/ or national/local climate change action plans. The Climate Change Commission (CCC) as one of the PSF Board member requires assistance to operationalize the Fund, as well as in delivering its mandate and function to mainstream climate change policies in the national and local development plans and projects. Particularly assisting those poorer LGUs who are relatively behind in terms of capacity to satisfy the technical conditions and requirements of PSF and other similar climate financing facilities.

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Sectors:
  • Environmental policy and administrative management

  • Reporting Organisation

Participating Organisations

Global Green Growth Institute Multilateral Implementing

Transaction

Transaction Value Provider
Receiver
Type Date
Not Available Provider N/A Receiver N/A
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Not Available Provider N/A Receiver N/A
date_range
Not Available Provider N/A Receiver N/A
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Budget

1,325,488 USD
  • 693,806 USD (Valued at Dec 31, 2018)
    date_range Jan 01, 2018 - Dec 31, 2018
  • 631,682 USD (Valued at Jan 01, 2017)
    date_range Jan 01, 2017 - Dec 31, 2017
access_time Updated on Jul 07, 2021 01:01:51