ASIA LEDS Resources

ASIA LEDS Resources

Achieving a Climate-Responsive Budget in the Philippines through Climate Change Expenditure Tagging

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Region : Philippines
Resource : Publications
Country :
Resource Type : Finance
Subject Of Resource : Reports and Studies

The Philippines is gearing up to fulfil its climate commitments to the Paris Agreement. The country’s National Climate Change Action Plan (NCCAP) 2011 to 2028 comprehensively outlines its adaptation and mitigation agenda across seven strategic themes. The need to develop a climate-responsive budget is among the cross-cutting concerns identified in the NCCAP. This is also stipulated in Republic Act 9729, also known as the Climate Change Act of 2009. To this end, the Climate Change Expenditure Tagging (CCET) is employed to prioritize and assign codes to climate change programs, activities, and projects (PAPs) in annual budgets of national government agencies (NGAs) and local government units (LGUs.) The CCET can provide data and information for more effective climate investment programming. Analyzed data can help the national and local governments efficiently manage and leverage resources in areas where it can maximize potential benefits.

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