Inside the People’s Survival Fund Preparing the Ground for Climate Finance Readiness in the Philippines PANEL 2: Operationalizing the PSF Enhancing the way we confront climate change Broad stroke Creating the precedence to establish effective climate finance mechanisms in the Philippines Fine print Direct Access Social Justice Ownership & coherence Mutual accountability Context beneath the text The People’s Survival Fund A domestic “rewards fund” aimed at addressing urgent adaptation needs To finance adaptation programs and projects that are directly supportive of the objectives enumerated in the Climate Change Action Plans of local government units and communities The People’s Survival Fund Intended to mainstreaming climate change at the local level It’s a plumbing job. PSF Principles PSF Principles Direct Access PSF Principles Community ownership & harmonization Communitydriven projects on adaptation Coordination & coherence among institutions Results Mainstreaming of climate change into development planning Communities not passing through intermediaries Civil society participation Alignment with country strategic Participation of civil priorities society National Climate Change Action Plan Multi-stakeholder processes Predictable and long-term Stable source of funding intended for long-term impacts SPECIAL FUND NATIONAL TREASURY FINANCING ADAPTATION SOURCES OF THE PSF Php 1,000,000,000 GAA Augmented by donations, endowments, grants, contributions adaptation activities in the areas of water resources management, land management, agriculture and fisheries, health, infrastructure development, fragile ecosystems including mountainous ecosystems, and integrated coastal zone management; Where should it flow? improvement of the monitoring of vector-borne diseases triggered by climate change, and in this context improving disease control and prevention; early warning systems as part of preparedness for climate related hazards; supporting institutional capacity-building, both for national and local governments, in partnership with local communities and civil society groups, for preventive measures, planning, preparedness and management of impacts relating to climate change, including contingency planning, for droughts and floods in areas prone to extreme weather events serving as a guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders USES OF THE ADAPTATION ACTIVITIES Local Government Units Communities Adaptation activities water resources management land management where sufficient information is available to warrant such activities agriculture and fisheries health infrastructure development natural ecosystems including mountainous and coastal ecosystems Monitoring of vector-borne diseases Disease control Prevention Forecasting Early Warning Preparedness for climate-related hazards Institutional development for LGUs partnership with local communities and civil society groups preventive measures, planning, preparedness and management of impacts contingency planning droughts and floods in areas prone to extreme climate events Strengthening regional centers and information networks to support climate change adaptation initiatives and projects Serving as a guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders Community adaptation support programs by local organizations accredited by the Commission Who holds the wrench? The Fund will be managed by a PSF Board composed of Department of Finance, CCC, Department of Budget and Management; National Economic and Development Authority; DILG; PCW; and representatives from academe, business sector and non-government organizations Promulgate policies that will maintain the fiduciary character of the Board; Provide overall strategic guidance in the management and use of the fund, including but not limited to the development of funding windows for various adaptation activities, including counterpart funding arrangements, and guidelines for project assessment, approval and evaluation; Develop social, financial and environmental safeguards to be used in project implementation; POWERS FUNCTIONS Identify additional sources for the fund POWERS FUNCTIONS Issue final approval of projects for the use of the fund Adopt a conflict of interest policy to ensure that board members will not vote on projects if they have a direct stake therein Ensure an independent 3rd party evaluation and auditing of activities supported by the fund PSF ROLE OF THE PSF UTILIZATION PSF PROJECT PROPOSAL EVALUATION REVIEW RECOMMENDING APPROVAL FORMULATE MECHANISMS FOR TRANSPARENCY AND PUBLIC ACCESS TO INFO NOT AN IMPLEMENTOR LOCAL ACCREDITATION Commission to develop guidelines to accredit local organizations seeking to access the fund Organizations will be accredited based on criteria such as organizational independence, track record in the community and/or field of expertise, financial management, and participatory practices LOCAL ACCREDITATION Commission to develop guidelines to accredit local organizations seeking to access the fund Organizations will be accredited based on criteria such as organizational independence, track record in the community and/or field of expertise, financial management, and participatory practices PSF Level of risk and vulnerability Participation of affected communities in project design; Poverty reduction potential; Cost effectiveness and sustainability; Co-benefits extending beyond LGU territory; Maximization of multi-sectoral or crosssectoral benefits; Responsiveness to gender–differentiated vulnerabilities Local CC Action Plan CCC to develop criteria Community Participation community representatives and/or NGO counterparts may participate as observers in the project identification, monitoring and evaluation process of the Commission Transparency Vulnerable Marginalized THE WILL TO FACE THE FUTURE