Financing is often cited as the biggest barrier to environmental improvements and installing green technologies, but the Philippines’ state-owned development bank (DBP) wants businesses to know there is money available. DBP chief executive Francisco Del Rosario said the Green Financing Program has already committed to P10.9-billion in pipeline projects, out of an overall initial commitment of P18.9-billion. Private corporations, local government units and state-owned enterprises are eligible to apply for funding for projects that reduce pollution, increase effiency and improve waste management.
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