MANILA, Nov 13 (Bernama-PNA) -- The Philippines, through the Department of Finance (DOF), is leading regional efforts to develop and harmonise carbon markets across Southeast Asia, the Philippine News Agency (PNA) reported.
Philippines Leads ASEAN Push On Carbon Markets
Department of Finance, efforts, carbon markets
BE Bernama 
Key takeaways
The Philippines, via its Department of Finance, is spearheading ASEAN efforts to create a unified carbon market, aiming to attract private investment for climate action and support a low‑carbon transition. The initiative is part of the country’s 2026 Chairship and involves ADB and SEC.
- The DOF leads ASEAN carbon market harmonisation to attract private investment for climate action.
- The ASEAN Carbon Markets Development and Harmonisation Forum 2026 is co‑hosted by the DOF, SEC, and ADB under the ACFPP.
- An ADB‑supported study on ASEAN carbon market implementation and interoperability is being explored.
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