Prime Infrastructure Capital Inc. (Prime Infra) and the Climate Change Commission (CCC) have formalized a partnership to accelerate climate action across the Philippines. Announced Monday, the agreement brings together the government’s policy leadership and the private sector’s project expertise to build stronger climate resilience, protect ecosystems, and boost local capabilities.
Aboitiz InfraCapital is strengthening contingency measures and working with the Davao City Water District through its Davao City bulk water project amid intensifying El Niño conditions.
The Department of Environment and Natural Resources has joined forces with the Philippine Eagle Foundation and several Czech institutions to expand bilateral cooperation on biodiversity conservation.
The Philippines faces mounting risks to agricultural production, infrastructure and economic activity as coastal flooding intensifies, underscoring the need to integrate climate resilience into development planning and investment decisions, according to the Asian Development Bank’s (ADB) Asia–Pacific Climate Report 2026.
The coastlines of Asia and the Pacific serve as vital drivers of regional prosperity, generating $7 trillion in annual economic output, but they face escalating environmental hazards that could cause hundreds of billions of dollars in damage unless urgent investments in coastal protection are made.