Aquino signs People's Survival Fund Law-A A +A
Wednesday, August 22, 2012
MANILA -- Civil society organizations asked the government to lay out rules in the implementation of the People's Survival Fund Law, which was signed by President Benigno Aquino III last Friday.
The PSF Law or Republic Act 10174 will amend the Climate Change Act of 2009 by establishing a smart fund with an initial P1 billion per year.
The fund can be tapped directly by local government units and communities to support their initiatives to adapt to climate change and reduce disaster risks.
"We trust that the Department of Finance will work with the Climate Change Commission to ensure that the law becomes operational at the soonest possible time," said lawyer Elpidio Peria, convenor of Aksyon Klima Pilipinas.
Peria said the signing of the law was timely, which came in the heels of a report of looming drought later this year because of the El Niño phenomenon. (Virgil Lopez/Sunnex)