While I'm glad that the government has begun taking these steps, it leaves a lot to be desired. For one, awareness about climate change needs to be raised much more than the current state.
The effects of climate change are obvious from all the natural disasters that recently came bringing about flooding and such, but these concepts are not connected to each other by everyone. The WB Report also states that Knowledge and Capacity Development has always been on a lower budget. How could the people do their part if they don't know what's happening? All I've heard recently is a lot of flooding and lost work hours and revenue.
While a fund for damages is good, I'm hoping the focus would be on development plans (for mitigation) that reflects foresight into the potential effects of climate change. We cannot stop development, but we can make it appropriate.
The Philippines has many facets where it could start these steps, and I'm hoping the government will take the right steps with the right objectives.