Manila, July 15 -- The Green Climate Fund (GCF) extended a USD6.78 million grant to help the Philippines implement climate investments that will protect communities from the impacts of climate change, accelerate the transition to clean energy and support sustainable and inclusive economic growth.

In a statement Wednesday, the Department of Finance (DOF) said the Third Readiness and Preparatory Support Program (RPSP 3) makes the Philippines the first country in Asia and the Pacific to access GCF readiness support under the Fund's second replenishment period (GCF-2), covering 2024 to 2027.

Grants are aids given by development partners with no obligation for repayment.

Approved on June 24, 2026, the 60-month program will strengthen the c...