WHAT IS THE GREEN CLIMATE FUND AND HOW CAN IT HELP THE PHILIPPINES?
WHAT IS THE GREEN CLIMATE FUND AND HOW CAN IT HELP THE PHILIPPINES? We often complain that there is “no money” for climate action. The truth is, there is money—lots of it—but we are not always good at accessing it, absorbing it, or translating it into real protection for communities on the ground. One of the biggest pools of climate finance available to countries like ours is the Green Climate Fund (GCF), and many Filipinos—especially at the local level—still barely know how it works. The GCF is the world’s largest dedicated climate fund, created under the UN climate convention in 2010 and serving as the main financial arm of the Paris Agreement. As of 2026, it manages more than US$19 billion in commitments. For a country ranked among the most climate-vulnerable in the world, this should matter to us a great deal. What makes the GCF different is its 50/50 mandate: half of its funds must go to climate mitigation (cutting emissions through renewables, clean transport, energy effic...