The Department of Energy (DOE) has institutionalized a dedicated task force to oversee and ensure the effective implementation of the government’s carbon credit policies, according to Philstar Biz.
The task force is expected to streamline the country’s carbon credit framework, aligning it with international standards and facilitating participation in global carbon markets. It will coordinate with relevant agencies and stakeholders to develop guidelines, monitor compliance, and promote transparency in carbon credit transactions.
The move comes as the Philippines seeks to scale up its climate mitigation efforts and attract investments in green projects. By centralizing oversight, the DOE aims to enhance the credibility and effectiveness of carbon credits as a tool for reducing greenhouse gas emissions.