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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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