The Philippines Unveils New Carbon Credit Policy

The Philippine Department of Energy (DOE) has announced a transformative Carbon Credit Policy aimed at unlocking both economic and environmental benefits for the country’s energy sector. The initiative is designed to reduce emissions, attract clean energy investments, and align with global climate commitments, particularly the Paris Agreement. With a public consultation underway, the DOE is rallying stakeholders to shape a transparent and inclusive framework that could redefine how carbon credits are generated and traded in the Philippines.