NextGen Day

Arsenio Balisacan, secretary of the National Economic and Development Authority (NEDA), has emphasized the need to strengthen the domestic agriculture sector’s resilience in light of the threats that farmers are facing due to climate change.

Balisacan stated that balancing climate mitigation and productivity-enhancing actions would assist the farm sector endure the effects of climate shocks during his keynote address at the 2023 Asia-Pacific Agricultural Policy Roundtable on Monday.

The top economist in the nation asked those involved in the agriculture industry to make investments in strategies that would lower greenhouse gas emissions.

Crop rotation, intercropping, alternative soaking and drying, and precision agriculture were some of the various synergies and interventions he mentioned that could increase agricultural productivity.

These techniques, according to Balisacan, have the potential to reduce emissions while also improving agricultural yields, soil health, and profitability.

“Given the complexity and context-specific nature of the trade-offs and synergies between mitigating climate change and agricultural production, we must consider food security, rural livelihoods, and economic development in identifying and implementing mitigation strategies,” he continued.

Balisacan pointed out that it is crucial to continually incorporate climate risks and sustainability into the formulation and implementation of strategies to boost agricultural production if we want to increase the resilience and profitability of the agricultural industry.

According to him, this would entail undertaking frequent assessments of climate risk and susceptibility and incorporating the results into sector-level agriculture planning.

According to Balisacan, the administration has committed funds through the Philippine Development Plan 2023–2028 to carry out interventions for the adoption of profitable, climate-smart, and resilient technology.

The Philippines aims to give research, development, and use of climate-smart and resilient technologies—including nature-based solutions—priority investment in order to implement these plans. By fostering connections and teamwork among inventors, entrepreneurs, and industries, the nation also hopes to increase the marketability and profitability of low-carbon technology and goods, according to the head of NEDA.

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