Philippines Sets Roadmap to Attract Private Investment in Forest Carbon

At a forum in Manila organized by the CarbonPH Coalition, Philippine Department of Environment and Natural Resources officials announced a new national framework aimed at encouraging private companies to finance forest restoration projects. The government plans to build the administrative infrastructure needed to ensure that such investments are properly tracked and verified. Officials outlined a roadmap that will establish the necessary regulatory and monitoring mechanisms, positioning the country to participate more fully in regional carbon markets. The initiative signals a shift toward leveraging private capital for climate mitigation, with the DENR emphasizing that the new system will provide clear guidelines and accountability for forest carbon projects. By formalizing these processes, the Philippines intends to create a reliable platform for future carbon offset transactions and to strengthen its national climate strategy.