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Enablers and constraints of localized climate financing: The case of a second-tier city in the Philippines

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  • Catherine Roween C. Almaden
  • Ma Kresna D. Navarro

Abstract

This paper aimed to identify the most pressing concerns in attaining financing readiness for climate compatible development in Cagayan de Oro City, a second-tier city in the Philippines. It employed a participatory methodology that incorporated local expertise, stakeholders? experiences and perceptions, preconditions for ensuring an effective design of climate change compatible development measures in Cagayan de Oro City. Specifically, it adopted the science-based stakeholder (SBS) method involving all relevant stakeholders throughout the stages of the research. Despite the existence of strategic plans, existing policy measures and financing schemes to address climate change compatible development in the city, the existing gaps between the types of projects needed by the city and the ability to access funds resulted to a limited or lack of implementation of these plans and improvement of the existing measures. At the local government level, there are several constraints in financing a more programmatic climate change compatible development in the city. Nonetheless, there are new emerging initiatives by government agencies, non-government and private institutions in the city that are currently being promoted

Suggested Citation

  • Catherine Roween C. Almaden & Ma Kresna D. Navarro, 2018. "Enablers and constraints of localized climate financing: The case of a second-tier city in the Philippines," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2018(1), pages 191-223.
    • Handle: RePEc:fan:efeefe:v:html10.3280/efe2018-001009
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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