Connect with us

Business and Economy

More investments pushed for agri growth, climate adaptation

Published

on

NEDA Assistant Secretary Mercedita Sombilla said it is imperative to enhance the farm sector’s resilience, which has 10-percent contribution to the country’s gross domestic product (GDP) growth. (File Photo: @UNDPPH/Twitter)

MANILA — The Philippines needs to invest more on mitigating the effects of climate change on agriculture to make economic growth more inclusive, a National Economic and Development Authority (NEDA) official said.

NEDA Assistant Secretary Mercedita Sombilla said it is imperative to enhance the farm sector’s resilience, which has 10-percent contribution to the country’s gross domestic product (GDP) growth.

“If you are able to strengthen resiliency and there are several measures which we could do to ensure that they (farmers) have good harvests and they can increase their income then, that will be already an important move towards achieving inclusive growth,” she said in an interview over the weekend.

Sombilla, also one the authors of the newly-launched book titled “The Future of Philippine Agriculture under a Changing Climate: Policies, Investments and Scenarios”, stressed that climate change mitigation can also ensure stable supply of farm products and prices.

“If we are able to mitigate and to be resilient against climate change then, we are ensured of more production. And of course, we will be able to predict a little bit more stable prices which means to say that’s going to be good for consumers,” she added.

The book also stressed the need for the country to increase investments in agricultural research and development (R&D) and irrigation. It said that R&D investment in crop breeding should give higher priority to traits that improve adaptation or help in greenhouse gas (GHG) mitigation, such as nitrogen use efficiency and heat and drought tolerance.

Livestock breeding should also shift to more efficient production technologies that reduce GHG emissions, it said.

“In some regions, climate change will make large dams more valuable to handle increased variability in precipitation and run-off, but in more cases greater emphasis should be given to small-scale irrigation for flexibility,” the book added.

It cited that yearly losses due environmental hazards aggravated by climate change between 2000 and 2016 include production losses and damage to farm equipment, and irrigation and road facilities of PHP17.37 billion which is equivalent to about 1.8 percent of the sector’s yearly average gross value-added or GVA.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle14 hours ago

The Painful Reality of Losing Someone

Recently, I experienced the painful reality of losing someone through others. One friend lost her fiancé to death, while another...

Headline1 week ago

The Sobering Reality of Growing Old

Growing old brings a sobering reality: time is finite.  You watch your body slow down, see your parents age, and...

Lifestyle4 weeks ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle1 month ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline2 months ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle2 months ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle3 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle4 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline4 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...