Philippines, EU sign 60-million-euro green economy grant

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Philippines, EU sign 60-million-euro green economy grant
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The granta ims to fund the Philippines' efforts to embrace a circular economy

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The Green Economy Program deal was signed at the Global Gateway Forum in Brussels, Belgium, on Wednesday, October 25, as part of the EU’s initiatives to assist the Philippines in initiatives such as reducing plastic usage, ensuring water supply, and promoting energy efficiency. Finance Secretary Benjamin Diokno said the grant will help the Philippines achieve its commitment to reduce and avoid greenhouse gas emissions by 75% by 2030.

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