Senate Committee on Climate Change People’s Survival Fund Bill.

Senate Committee on Climate ChangeSenate Committee on Climate Change

People’s Survival Fund BillPeople’s Survival Fund Bill

SB 2811 will provide resources that SB 2811 will provide resources that will support ground level-work of local will support ground level-work of local

governments and communities.governments and communities.

SB 2881 seeks to create a People’s SB 2881 seeks to create a People’s Survival Fund as a special trust fund for Survival Fund as a special trust fund for

the financing of adaptation programs and the financing of adaptation programs and projects based on the National Strategic projects based on the National Strategic

Framework and the National Climate Framework and the National Climate Change Action Plan. Change Action Plan.

The fund shall be sourced from:The fund shall be sourced from:

ten percent (10%) from cash dividends declared by all government-owned and controlled corporations;

five percent (5%) of the proceeds from the sale of certified or verified emissions reduction carbon credits generated from domestic activities; and

ten percent (10%) of the monies collected under Republic Act 8794, otherwise known as the Motor Vehicle User's Charge

As seed money for the fund, a As seed money for the fund, a one-time allocation in the amount one-time allocation in the amount

of of fifty million pesos fifty million pesos (P50,000,000.00) (P50,000,000.00)

will be allotted from the will be allotted from the President’s Contingency Fund.President’s Contingency Fund.

The fund…The fund…

May also receive private donations.

shall be suppletory to any annual shall be suppletory to any annual appropriations allocated by relevant appropriations allocated by relevant government agencies for climate change-government agencies for climate change-related programs and projects and by LGUs. related programs and projects and by LGUs.

shall also encourage counterpart funding shall also encourage counterpart funding arrangements among local governments, arrangements among local governments, community organizations, the private sector, community organizations, the private sector, and other entities. and other entities.

It shall support activities in the areas of…It shall support activities in the areas of…

water resources management, land water resources management, land management, agriculture and fisheries, health, management, agriculture and fisheries, health, infrastructure development, natural infrastructure development, natural ecosystems including mountainous and ecosystems including mountainous and coastal ecosystems; coastal ecosystems;

improvement of the monitoring of vector-borne improvement of the monitoring of vector-borne diseases triggered by climate change, and in this diseases triggered by climate change, and in this context, improving disease control and context, improving disease control and prevention;prevention;


forecasting and early warning systems as part forecasting and early warning systems as part of preparedness for climate-related hazards; of preparedness for climate-related hazards;

supporting institutional development, for local supporting institutional development, for local governments, for preventive measures, planning, governments, for preventive measures, planning, preparedness and management of impacts preparedness and management of impacts relating to climate change, including contingency relating to climate change, including contingency planning, in particular, for droughts and floods in planning, in particular, for droughts and floods in areas prone to extreme climate events; areas prone to extreme climate events;


strengthening existing, and where needed, strengthening existing, and where needed, establish regional centers and information establish regional centers and information networks for rapid response to extreme climate networks for rapid response to extreme climate events; events; serving as a guarantee for risk insurance needs serving as a guarantee for risk insurance needs for farmers, agricultural workers and other for farmers, agricultural workers and other stakeholders; and stakeholders; and

community adaptation support programs by local community adaptation support programs by local organizations accredited by the Commission. organizations accredited by the Commission.

A People’s Survival Fund Board, A People’s Survival Fund Board, lodged under the Commission on lodged under the Commission on Climate Change, will be created to Climate Change, will be created to approve project proposals approve project proposals submitted by local submitted by local government units and government units and community-based community-based institutions for institutions for funding. funding.

To manage the fund, the To manage the fund, the Commission will appoint a Commission will appoint a

government financial government financial institution as portfolio institution as portfolio

manager and trustee of the manager and trustee of the fund.fund.

There is no substitute for There is no substitute for national and local national and local

government budget that are government budget that are climate change-adaptive. climate change-adaptive.

The creation of the People’s The creation of the People’s Survival Fund, as proposed, Survival Fund, as proposed,

will allow us to pole-vault will allow us to pole-vault toward ensuring disaster- toward ensuring disaster-

and climate change-resilient and climate change-resilient communities.communities.

Senate Committee on Climate Change People’s Survival Fund Bill.

Documents

Transcript of Senate Committee on Climate Change People’s Survival Fund Bill.