DBM Press Release: Philippines’ Commitment to Sustainability and Climate Action

In a significant display of commitment to sustainability and climate action, Secretary Amenah "Mina" F. Pangandaman of the Department of Budget and Management (DBM) recently addressed the 4th Philippines-Singapore Business and Investment Summit (PSBIS). Her remarks underscored the Philippines’ growing climate-related investments and the government’s strategic focus on integrating sustainability into its economic agenda.

A Vision for Prosperity

During her opening statement at the panel discussion titled "Green Blueprint: Economic Outlook, Priority Expenditures, and Strategic Investment Priorities," Secretary Mina emphasized that sustainability is a cornerstone of the nation’s Agenda for Prosperity. “This is our promise to the Filipino people, especially future generations,” she declared, setting a tone of urgency and responsibility regarding climate action.

Climate-Responsive Budgeting

Secretary Pangandaman highlighted the government’s robust efforts to combat climate change through strategic budget allocations. Over the past decade, climate-responsive spending has seen a remarkable average increase of 32.5 percent annually. For the upcoming year, the budget for climate initiatives is projected to reach an impressive USD 17.9 billion, representing a staggering 123 percent increase. This growth has been meticulously tracked through the Climate Change Expenditure Tagging (CCET) system, ensuring transparency and accountability in climate-related expenditures.

Exceeding Targets

The Budget Secretary also noted that the government has surpassed its climate expenditure targets outlined in the Philippine Development Plan 2023-2028. Initially aiming for 12 percent of the national budget to support climate initiatives, the allocation for 2025 has now risen to 16 percent. This increase not only reflects the administration’s commitment to sustainability but also its proactive approach to addressing the pressing challenges posed by climate change.

Focus Areas of the National Climate Change Action Plan

In her address, Secretary Mina outlined key focus areas of the National Climate Change Action Plan (NCCAP) for 2011-2028. These areas include:

• Water Sufficiency: Ensuring access to clean and sufficient water resources.
• Sustainable Energy: Promoting renewable energy sources and reducing reliance on fossil fuels.
• Food Security: Enhancing agricultural resilience and ensuring food availability.
• Knowledge and Capacity Development: Building awareness and skills to address climate challenges.
• Climate-Smart Industries: Encouraging industries to adopt sustainable practices.
• Ecosystem Stability: Protecting and restoring natural ecosystems.

These focus areas are integral to the Philippines’ strategy for building a resilient and sustainable future.

Green Public Procurement Strategy

One of the pivotal initiatives discussed by Secretary Pangandaman was the Green Public Procurement Strategy. This initiative aims to foster a local green market, set an example for private-sector procurement, attract green investments, and enhance competition in government procurement processes. By prioritizing environmentally friendly practices, the government seeks to lead by example and encourage sustainable practices across all sectors.

Integrating Climate Standards in PPP Proposals

In a significant policy shift, Secretary Pangandaman emphasized that climate change and environmental standards are now essential criteria when evaluating Public-Private Partnership (PPP) proposals. This applies particularly to infrastructure, energy, and transportation projects, ensuring that sustainability is at the forefront of development initiatives.

A Call to Action

“Nurturing a green economy is not just my personal advocacy; it is a top priority for our administration,” Secretary Pangandaman asserted. Through Climate Change Expenditure-tagged programs and innovative policies, the government aims to drive high-impact investments that will not only stimulate economic growth but also lay the groundwork for a sustainable future.

In her closing remarks, she extended an invitation to the private sector to collaborate with the government in this critical mission: “We invite our partners and stakeholders to join us in taking the green path toward our Agenda for Prosperity.” This call to action highlights the importance of collective efforts in addressing climate change and promoting sustainability.

Collaborative Efforts at PSBIS

The panel discussion, moderated by DBM Undersecretary Margaux Salcedo, featured esteemed speakers including National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Philippine Ambassador to Singapore Medardo Antonio G. Macaraig. The keynote address was delivered by Department of Finance (DOF) Secretary Ralph G. Recto, further enriching the dialogue on sustainable investments.

Organized by the Philippine Embassy in Singapore, the PSBIS serves as a vital platform for government officials and business leaders from both nations to collaborate on strategic investments and explore opportunities for growth. This summit not only strengthens bilateral ties but also fosters a shared commitment to sustainable development.

Conclusion

The Philippines, under the leadership of Secretary Amenah "Mina" F. Pangandaman, is making significant strides in integrating sustainability into its economic framework. With a clear focus on climate-responsive budgeting, strategic initiatives, and collaborative efforts, the nation is poised to lead by example in the global fight against climate change. As the government calls on the private sector to join this mission, the path toward a sustainable future becomes a shared responsibility, promising a better tomorrow for generations to come.