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Laws of Philippines

Commission Resolution No. 2021-002 Creating the Inter-Agency Technical Working Group For Sustainable Finance

Made 2021-12-16 · Text as of 2026-10-01

Public law and official guidance, published as research. Not legal, tax or financial advice.

About this law

Language
English
Kind
Regulation
Country
Philippines
Subjects
Environment, General
Keywords
policy/planning, capacity building, climate change, environmental planning, financing, investment, sustainable development, public private partnership (PPP)

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Text

The law's own text, section by section, as held. Each section has its own link.

  1. 1 — Formulate its own rules and other internal policies on rules of procedure

    1. Formulate its own rules and other internal policies on rules of procedure (e.g. governance principles and operating guidelines), and such other matters to carry out its functions and duties, and accelerate sustainable financing and implement its objectives;

  2. 2 — Identify pipeline of sustainable projects/investments, including crafting of

    2. Identify pipeline of sustainable projects/investments, including crafting of related guiding framework;

  3. 3 — Mobilize various sources of public and private financing;

    3. Mobilize various sources of public and private financing;

  4. 4 — Review of existing policies and develop necessary new policies that would

    4. Review of existing policies and develop necessary new policies that would accelerate sustainable financing;

  5. 5 — Harmonize and coordinate projects and policies across all government

    5. Harmonize and coordinate projects and policies across all government agencies including taxonomy, regulatory procedures, requirements, permits etc.;

  6. 6 — Recommend revisions of laws and policies;

    6. Recommend revisions of laws and policies;

  7. 7 — Ensure compliance to international commitments on Climate Change

    7. Ensure compliance to international commitments on Climate Change initiatives; Page 2 of 3

  8. 8 — Provide capacity building projects to local governments in meeting

    8. Provide capacity building projects to local governments in meeting environmental, social and governance standards for PPP's and climate change;

  9. 9 — Call upon, whenever necessary, the members of the ITSF, other

    9. Call upon, whenever necessary, the members of the ITSF, other government agencies and other stakeholders as resources in formulating sustainable finance policy;

  10. 10 — Prescribe such terms and conditions to govern the granting of loans, credits

    10. Prescribe such terms and conditions to govern the granting of loans, credits and grants, and other credit accommodations consistent with the provisions of this Resolution and international agreements; and

  11. 11 — Perform such other acts and exercise such other duties as may be

    11. Perform such other acts and exercise such other duties as may be necessary and proper in order to achieve the purposes for which the ITSF was created, or for any purpose germane to the overall objective of accelerating the development of a green and sustainable economy in the country. FURTHER RESOLVED, that the ITSF shall meet once every quarter or as often as necessary; FURTHER RESOLVED, that all previous issuances or parts thereof which are inconsistent with this resolution are hereby superseded or modified accordingly; and RESOLVED FINALLY, that copies of this Resolution be distributed to all concerned agencies of the government for information and appropriate action on provisions related to the exercise of their respective mandates. APPROVED this __ day of ____ in the City of Manila, Philippines. CARLOS G. DOMINGUEZ Chairperson-Designate, Climate Change Commission EMMANUEL M. DE GUZMAN Vice Chairperson I RACH Commissioner Page 3 of 3

Commission Resolution No. 2021-002 Creating the Inter-Agency Technical Working Group For Sustainable Finance · Nelum