The Peopleโs Survival Fund (PSF) was created by Republic Act 10174 as an annual fund intended for local government units and accredited local/community organizations to implement climate change adaptation projects that will better equip vulnerable communities to deal with the impacts of climate change. It supplements the annual appropriations allocated by relevant government agencies and local gov
ernment units for climate-change-related programs and projects. The Philippine government programmed at least P1 billion into the PSF which will be sourced from the national budget. The allocation may be augmented by mobilizing funding sources such as counterpart local government units, the private sector, and individuals who support adaptation initiatives. The PSF Board has set the criteria for selecting recipients who submit proposals to fund their adaptation projects and programs. Local government units with high poverty incidence, are exposed to climate risks, and has a key biodiversity area will be prioritized. On the other hand, local/community organizations will be eligible to access the fund upon accreditation based on organizational independence, track record in the community and/or field of expertise, financial management and participatory practices. The PSF is intended for adaptation activities that include water resources management, land management, agriculture and fisheries, health, among others, and serve as guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders. It will also be used for establishing regional centers and information networks and strengthening of existing ones to support climate change adaptation initiatives and projects, for setting up of forecasting and early warning systems against climate-related hazards, support to institutional development such as preventive measures, planning, preparedness and management of impacts relating to climate change, including contingency planning for droughts and floods.
