The Philippines is one of ASEAN’s biggest economies and one of the most vulnerable to climate change. Extreme weather events are costing the Philippines up to USD 1.6 billion per year, a trend that will intensify. The degradation of natural ecosystems, such as forests, coastal and marine systems, is weakening the country’s resilience to climate change. To address this, the Philippine National Climate Change Strategy and Action Plan prioritises ecosystem-based adaptation (EBA) as critical to climate resilience. The plan recognises the importance of mobilising the private sector to support the country’s adaptation objectives and EBA priorities.
Over the next two years, Earth Security in cooperation with the International Climate Fund of the German government will be supporting, engaging and guiding private sector strategies and models for ecosystem-based adaptation partnerships. Earth Security has partnered with the leading Philippine business network on sustainability, the Philippine Business and Environment (PBE) and the leading business school, the Asian Institute of Management (AIM), to ensure that the results of the projects strengthen the capacity and programmes of key actors to sustain private sector collaboration in the country, with a view to replicate the impacts across South East Asia.
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