The Philippines has identified its preliminary climate investment needs and priorities. While its Nationally Determined Contribution (NDC) signals ambitious targets of 75% GHG reduction and avoidance, this achievement is contingent on external sources (72.29% with the Government committing to fund 2.71% towards this end).
On the other hand, based on its NDC Implementation Plan, preliminary estimates of its total requirements stand at PHP4.1 trillion (USD 72 billion) through 2030. Substantial private capital must be unlocked to achieve decarbonisation goals, particularly in the transport and waste sectors.
Transport accounts for approximately 23% of the country’s greenhouse gas (GHG) emissions from fuel combustion with jeepneys alone estimated to contribute around 15.5% of the transport sector’s total emissions. Yet modernisation efforts have been slow: just 4% of the targeted jeepney fleet has been replaced as of end-2023, and fewer than 912 electric vehicle (EV) charging stations are operational as of March 2025.
