Trending Now
Frederick Douglass: The US Constitution Is an Anti-Slavery...
Fifth Circuit Rules Trump’s Use of Alien Enemies...
Billionaires
Zohran Mamdani’s Price Controls Would be Disastrous for...
Introduction to Natural Law
Job Growth Was Negative in June. That’s Very...
The Economic Case for Mass Immigration Is as...
Selective Justice: Pirate Streams, Drug Boats, and Epstein’s...
Gold opens at new record of $3,635
Konektadong Pinoy must still address tower shortage —...
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Greenpeace estimates P1-T lost in irregular climate-action projects

by September 8, 2025
September 8, 2025

GREENPEACE Philippines said fraud, waste, and corruption in climate-adaptation projects, including flood-control works, resulted in losses topping P1 trillion between 2023 and 2025, with the vast majority involving contracts overseen by the Department of Public Works and Highways (DPWH).

Citing data from the National Integrated Climate Change Database and Information Exchange System (NICCDIES), Greenpeace said the DPWH was responsible for P800 billion of the projects, including around P560 billion in 2025.

Greenpeace campaigner Jefferson Chua said the lack of proper climate action is weakening efforts to mitigate the effects of climate change.

“Theft of climate funds at such a scale is atrocious, and offenders are akin to climate criminals,” Mr. Chua said.

Mr. Chua said the pursuit of projects funded by debt inflates government borrowing without producing commensurate benefits.

Mr. Chua called for more nature-based, community-led solutions tailored to the needs of each community.

“A lot of these projects that are corrupt, unfortunately are useless… For these projects to be usable and useful to communities, public (involvement) is key,” Mr. Chua said.

Greenpeace said its menu of options for climate adaptation includes preserving watersheds, stopping destructive mining, halting reclamation, and banning single-use plastics in major urban areas. — Andre Christopher H. Alampay

previous post
Virtual PPAs proposed for trading in RE certificates 
next post
Konektadong Pinoy must still address tower shortage — DITO

Related Posts

Frederick Douglass: The US Constitution Is an Anti-Slavery...

September 8, 2025

Fifth Circuit Rules Trump’s Use of Alien Enemies...

September 8, 2025

Billionaires

September 8, 2025

The Economic Case for Mass Immigration Is as...

September 8, 2025

Konektadong Pinoy must still address tower shortage —...

September 8, 2025

Virtual PPAs proposed for trading in RE certificates 

September 8, 2025

Zamboanga passenger terminal deal canceled over design issues,...

September 8, 2025

Blacklist looms for more builders involved in flood-control...

September 8, 2025

AboitizPower, Japan’s JERA open Batangas training hub

September 8, 2025

Prime Infra funds weather station for Upper Marikina...

September 8, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News