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March 05, 2024

Landbank unveils plans to assure available climate finance for risk mitigation

The state-run bank aims to bolster its efforts on climate change mitigation.

The Land Bank of the Philippines said that development stakeholders are assured of continued access to climate finance under the Green Climate Fund (GCF), to further rally its stance on climate change adaptation and mitigation.

At the Disaster and Climate Emergency Policy Forum on 22 September 2022, LBP said its stands ready to extend necessary credit assistance to increase national and local resiliency and adaptive capacity to climate change. It further added it intends to collaborate with various development partners, such as the GCF, towards building a more sustainable future by reducing greenhouse gas (GHG) emissions.