The Philippines is set to launch a Carbon Credit Policy for its energy sector, aimed at strengthening the country’s position in global carbon markets while advancing its clean energy transition. According to the Department of Energy (DOE), the draft framework will establish rules for generating and trading carbon credits in line with the Paris Agreement, while encouraging private investment in renewable energy and emissions-reduction initiatives.

To shape the policy, the DOE will convene a public consultation on August 19 with around 120 stakeholders from across the energy value chain. The discussions will focus on roles, responsibilities, and implementation mechanisms, as well as preparations for participation in international carbon markets.

The initiative builds on international cooperation, including a 2024 Memorandum of Understanding with Singapore to collaborate on carbon credits under Article 6 of the Paris Agreement, which supports cross-border emissions reduction.

Aligned with the Philippine Energy Plan 2023–2050, the Carbon Credit Policy is expected to expand renewable energy use, enhance efficiency measures, and support the development of a low-carbon, sustainable energy system.

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