To improve crowded urban transportation systems, control pollution from fossil fuels, enhance energy security, and mitigate long-term greenhouse gas impacts, the Philippines is focused on expanding low carbon public transport systems and renewable energy generation.
Source: World Bank
Following extensive stakeholder engagement to refine its CTF investment plan, the Philippines is using $250 million in CTF concessional financing to demonstrate the market viability of low carbon public transport solutions and encourage private sector participation in industrial energy efficiency and renewable energy like solar, wind, and biomass.
Among investments, the CTF is supporting deployment of 100,000 energy efficient electric tricycles in Cebu City and Manila, and providing initial financing to establish rooftop solar charging stations for the vehicles. The Philippines is also in the process of developing a strategic program for climate resilience under the PPCR to support mainstreaming of climate change consideration in development planning.
Total renewable energy resource potential is estimated at 15 GW, including geothermal, wind, solar, and biomass
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Cebu Bus Rapid Transit Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 25.00||FUNDING (USD MILLION) 203.50||MDBIBRD|
|Market Transformation through Introduction of Energy Efficient Electric Vehicles Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 13.06||FUNDING (USD MILLION) 399.00||MDBADB|
|Philippines Manila BRT||FUNDClean Technology Fund||COFINANCING (USD MILLION) 23.90||FUNDING (USD MILLION) 85.51||MDBIBRD|
|Renewable Energy Accelerator Program (REAP)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 25.11||FUNDING (USD MILLION) 476.90||MDBIFC|
|Renewable Energy Development (PHRED)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 44.00||FUNDING (USD MILLION) 516.00||MDBIBRD|
|Sustainable Energy Finance Program||FUNDClean Technology Fund||COFINANCING (USD MILLION) 3.45||FUNDING (USD MILLION) 76.95||MDBIFC|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding . Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.