Although LGUs have becom e m ore creative in sourcing funds for CC PPAs, with m ost LGUs successful in m obilizing financing from external sources, the largest single source of funds for CC initiatives is still LGU funds (24% 7 ). The LGU’s general fund finances 8%, and the Local Disaster Risk Reduction and Management Fund (LDRRMF) 1.5%. In addition, climate change PPAs are financed through— (i) (ii) (iii) the national government (18%; of which 13% is from NGAs and 4% from the “20% development fund”8), 11% from the private sector9, and co-financing from LGUs, the national government and/or other external sources (44%) (Figure 15). Figure 15: LGU sources of clim ate change finance 10 Co-Financing (LGUNational Govt-External) 9% Co-Financing (National Govt-External) 9% LGUs 24% Co-Financing (National Govt-LGU) 26% Private Sector 11% Other 3% NGAs 13% National Govt, Other 5%                                                                                                                           Funded through 1 or combination of internal sources (GF, LDRRMF, GAD fund, Special Education Fund, Senior Citizen/Persons with Disability Fund, Trust fund, and fund from other LGUs but does not include PPAs funded through combination of LGU and external fund sources. 8 20% of the Annual Internal Revenue Allotment (IRA) is for development projects; also referred to as “20% DF.” In accordance with Section 287 of the Local Government Code, every LGU shall appropriate in its annual budget no less than twenty percent (20%) of its IRA allotment for development projects. It may be utilized to finance the priority development projects and programs, as embodied in the duly approved local development plan that directly support the Philippine Development Plan, the Medium-Term Public Investment Program and the Annual Investment Program. All projects to be funded shall contribute to the attainment of desirable socio-economic development and environmental management outcomes and shall partake the nature of investment or capital expenditures. 9 Public-Private Partnership-funded PPAs of Ilagan City Isabela. Does not include local or foreign grants, loans, and borrowings 7 10 "National Government, Other" includes 20% DF, and Grassroots Participatory Budgeting (i.e. Bottom-up Budgeting fund, and the Special Purpose Fund). "Other" includes external grants and loans, and other external sources of funding.     34