Department of Environment and Natural Resources Secretary Antonia Loyzaga has instituted a climate change tagging system in the department's national budget and crafted legislation on the protection of millions of hectares of forests, wetlands, caves, mangroves, and reefs.
Loyzaga said that the DENR has adopted a whole of society and systemic risk-based approach where multilateral development banks and the private sector have a key role in achieving sustainable development, nature-based solutions and climate action, and the valuation of ecosystem services.
Cultures, livelihoods, and the resilience of the Philippines' developing economy rely on the integrity of the country's ecosystems, she emphasized.
Loyzaga recently reported on the steps being undertaken by the Philippine government to address biodiversity and climate change challenges when she participated at the High-Level Panel on Financing Delivery of the Global Biodiversity Framework upon the invitation of the United Kingdom.
She also highlighted the need to shore up biodiversity investments to establish the adaptive management and capacity of regions and communities during the high-level segment of the 15th Conference of Parties to the United Nations Convention on Biological Diversity (COP15) in Montreal, Canada.
