NextGen Day

The People’s Survival Fund (PSF) Board must receive planned climate change adaptation projects and programs by March 31 at the latest, the Climate Change Commission (CCC) declared on Wednesday.

According to a statement from the CCC, a member of the PSF Board, “Local government units can now submit project proposals to access the People’s Survival Fund – a grant facility for LGUs to execute local climate change adaptation activities.”

According to the CCC, LGUs may submit their plans for coping with climate change to the PSF Board Secretariat.

Local government units (LGUs) must submit a letter of intent along with a completed project proposal template, references to adaptation measures like climate risk and vulnerability assessments, CCA-DRR-Enhanced Comprehensive Land Use or Development Plans, and Local Climate Change Action Plans, as well as an annual investment plan.

The Department of Finance (DOF), which chairs the PSF Board, published the Call for Proposals allowing access by LGUs to PSF, in line with the goal of improving local resilience, the CCC stated. Submissions must go through the DOF’s PSF Board Secretariat.

The PSF Board and its Secretariat will examine proposals.

Potential applicants will be rated by the PSF Board based on the following factors: the prevalence of various dangers (30 percent), the presence of important biodiversity regions (30 percent), and the incidence of poverty (40 percent).

In the advise, it was stated that “priority is given to those LGUs with a high presence of numerous climate-related dangers, high poverty incidence, and with current critical biodiversity regions).”

Once the documentary has passed the initial screening, additional requirements can be needed.

The PSF, established by Republic Act (RA) 10174, is a special fund designed to subsidize LGU climate action initiatives and activities to strengthen community and ecological resilience to climate change.

The PSF has a budget of at least PHP1 billion, which can be increased through donations, endowments, grants, and contributions, according to the CCC’s official website.

In accordance with RA 10174, the DOF serves as the board’s chairperson, and member organizations such as the CCC, the Department of Budget and Management, the National Economic and Development Authority, the Department of the Interior and Local Government, and the Philippine Commission on Women provide support.

Representatives from business, non-governmental groups, academia, and the scientific community are among the additional members.

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