THE government will spend an estimated P318.6 billion this year and in 2022 on projects that will count toward its commitment under the 2015 Paris Agreement to reduce greenhouse gas (GHG) emissions by 75 percent by 2030, according to data provided to The Manila Times by the Department of Finance (DoF).
The Aquino 3rd administration pledged a 70-percent reduction in GHG emissions as the Philippines' National Determined Contribution (NDC) to global efforts to limit the increase in atmospheric temperatures to 1.5 to 2 degrees Celsius over pre-industrial levels by the end of the century.
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