Integrating Environmental Considerations into the Economic Decision-Making Process
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Volume IEast and Southeast AsiaPhilippines Index
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IV. CONSIDERATION OF MULTILATERAL TRADE AND ENVIRONMENTAL AGREEMENTS IN DOMESTIC POLICY FORMULATION

[ IV | IV-A | IV-B | IV-C ]

C. Constraints on effective integration

[ C-1 | C-2 | C-3 |C-4 | C-5 ]

2. Financing

A number of multilateral agreements contain provisions for technical and financial assistance in order to induce countries to adopt the best environmental policies. Success in translating environmental commitments often depends on those forms of positive incentives (i.e., funding provisions of a particular agreement). The Montreal Protocol, for example, provides for a multilateral fund to implement the ODS phase-out plan, but additional funds are needed to facilitate the shift to new technologies in order to mitigate the impact of that phase-out. Full compliance with the provision of the Montreal Protocol may not materialize in the absence of financial assistance and substitute technologies for producing alternatives to ODS. Moreover, while the country is seriously cooperating on a significant number of international programmes, its compliance is seriously hampered by the lack of funding. The Philippines is requesting financial assistance from the international community for the implementation of the provisions of international agreements to which it is party. Moreover, the government has frequently upheld its position on multilateral development banks for developing loan and grant policies to support, specifically, the thrust of the Framework Convention on Climate Change.
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