PH leads ASEAN push on carbon markets

ملخص مفصل

MANILA – The Philippines, through the Department of Finance (DOF), is leading regional efforts to develop and harmonize carbon markets across Southeast Asia....

CARBON MARKETS. Finance Secretary Frederick Go speaks at the ASEAN Carbon Markets Forum on Nov. 10, 2026 at the Asian Development Bank headquarters in Mandaluyong City. The Philippines, through the Department of Finance, is leading regional efforts to develop and harmonize carbon markets across Southeast Asia. (Photo from DOF)

MANILA – The Philippines, through the Department of Finance (DOF), is leading regional efforts to develop and harmonize carbon markets across Southeast Asia.

In a statement on Friday, the Department of Finance (DOF) said the move aims to attract more private investments for climate action and support the Association of Southeast Asian Nations (ASEAN) transition to a low-carbon, climate-adaptive, and resilient economy.

“Carbon markets are a vital instrument for ASEAN prosperity. By creating a market for trading carbon credits, we can attract investments for climate action. They unlock private capital to reduce emissions. They also channel investments into renewable energy and nature-based solutions,” Finance Secretary Frederick Go said in a recent forum.

The DOF said carbon markets allow companies that produce greenhouse gas emissions to buy carbon credits from projects that reduce or remove these emissions, creating an incentive to invest in cleaner solutions that help protect the environment.

Under the Philippines’ ASEAN 2026 Chairship, the DOF Climate Finance Policy Group (CFPG) co-hosted the ASEAN Carbon Markets Development and Harmonization Forum 2026 together with the Securities and Exchange Commission (SEC) and in partnership with the Asian Development Bank (ADB) under the ASEAN Climate Finance Policy Platform (ACFPP).

The forum is an initiative under the Philippines’ Priority Economic Deliverable on “Sustainable and Resilient ASEAN Capital Markets,” aligned with the ASEAN Capital Markets Forum (ACMF) Action Plan 2026–2030.

It provides a platform for member states to discuss policies, cross-border carbon credit trading, and alignment of…

During…

مطلع المقال، مقتطف من Philippine News Agency. لقراءة المقال كاملًا، افتحه على موقع الناشر.