NextGen Day

The Inter-Agency Task Force on Sustainable Finance (ITSF), commonly known as the Green Force, was reconvened by the Department of Finance (DOF) on Friday to discuss putting the Sustainable Finance Roadmap and its Guiding Principles into practice.

The ITSF, founded with assistance from the UK government, aims to aid in the growth of a green and sustainable economy in the nation, according to a statement from the DOF.

In October 2021, the ITSF released the Sustainable Finance Roadmap and its guiding principles.

The strategic action plan for raising money to assist the shift to a low-carbon and climate-resilient economy is included in the roadmap, in particular.

The nation’s Nationally Determined Contribution (NDC) under the Paris Agreement was intended to be supported by investments made through this tool.

As part of its NDC, the Philippines promised to cut greenhouse gas emissions by 75% over the following ten years.

On the other hand, the Guiding Principles offer principles-based direction on identifying the economic activities that support sustainable development.

We have advanced the Sustainable Finance Ecosystem and achieved significant progress. However, to guarantee the continuity and efficacy of Programs, Activities, and Projects that will be executed across sectors and industries, long-term policy-making is still required, according to Benjamin Diokno, the finance secretary.

According to the DOF, the development of the nation’s Long-Term Vision document plans for creating its Long-Term Strategies, and the nation’s top goals for combating climate change were also reviewed at the conference.

According to Diokno, “The Department of Finance recognizes the integral role of finance in the discussion regarding sustainable economic growth and effective climate action.”

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---