IV Alignment of the 2016 National Climate Budget with Climate Change Agenda The Philippines continues to recognize its responsibility to ensure the country’s clim ate resilience and contribute its fair share in building a low-carbon econom y. In 2015, in addition to establishing the 2016 climate budget, the Philippines submitted its Intended Nationally Determined Contributions (INDC) in October and led the Climate Vulnerable Forum (CVF) 3 during the Conference of Parties (COP) 21 in November. In the INDC, the Philippines commits to a 70 percent reduction in carbon emissions by 2030, with the support of external assistance to develop and adopt appropriate technologies, and to improve its adaptive capacity and resilience. In April 2016, the final Paris Agreement was signed by the Philippines and 176 additional countries with submitted INDCs, signaling a global commitment to mitigate GHG emissions. In response to these com m itm ents, the Governm ent of the Philippines continues to engage in active prom otion of clim ate change response through policies, institutions, and increased financing for clim ate change adaptation and m itigation. The Government examines its strategic allocation of resources at the national level in comparison with the seven strategic priorities in the National Climate Change Action Plan (NCCAP), which cover a total of 21 outcome areas. Additionally, the CCC has adopted a Results-Based Monitoring and Evaluation System (RBMES) for the NCCAP to establish accountability mechanisms to track climate expenditure disbursements and monitor climate results.                                                                                                                           3 A meeting among an international partnership of countries highly vulnerable to the impacts of climate change, to agree on an ambitious and universal agreement during the Conference of Parties (COP) 21 and enshrine the critical goal of capping the global temperature below 1.5oC.   10