The Philippines, a climate-vulnerable nation ranked first on the 2023 World Risk Index, is stepping up its commitment to the Paris Agreement. Despite contributing only 0.4% of global greenhouse gas (GHG) emissions, the country faces devastating climate impacts, including typhoons, rising sea levels, and severe droughts. Recognizing the urgency, the Philippines is taking decisive action to meet its Nationally Determined Contributions (NDCs), ensuring both global and national climate resilience.

A Clear Roadmap: The Philippines' NDC Commitments

Under its NDC Implementation Plan (NDCIP) for 2020-2030, the Philippines has pledged a 75% reduction and avoidance of GHG emissions, focusing on five key sectors:

1. Agriculture: Sustainable Farming for Emission Cuts

• Adoption of innovative rice cultivation to enhance flood control and water management.

• Promotion of biodigesters for livestock manure management.

• The agriculture sector aims to contribute 21% of total emission reduction.

2. Waste: Tackling Methane and Expanding Waste Management

• Expansion of wastewater treatment facilities in urban areas.

• Enhancement of solid waste recovery and organic waste composting to curb methane emissions.

• The waste sector targets 7% of total emission reduction.

3. Industrial Processes and Product Use (IPPU): Low-Carbon Production

• Use of supplementary cementitious materials to reduce carbon-intensive clinker in cement production.

• Shift to low-global-warming-potential refrigerants.

• Establishment of ozone-depleting substance destruction facilities.

• The IPPU sector contributes 6% of total emission reduction.

4. Transport: Greener Mobility Solutions

• Greening public transport and expanding railway networks.

• Promotion of mass transit systems and active travel options.

• The transport sector contributes 7% of total emission reduction.

5. Energy: A Major Push for Renewables

• Strengthening energy efficiency and improving the energy grid.

• Expansion of renewable energy capacity.

• Adoption of electric vehicles (EVs).

• The energy sector is the largest contributor, aiming for 59% of total emission reduction.

Ensuring Successful Implementation: Six Key Pillars

To secure the effectiveness of its NDCs, the Philippines is focusing on six key pillars:

1. Achieving both conditional and unconditional NDC targets.

2. Engaging international partners for technical and financial support.

3. Exploring market-based approaches like carbon trading and offsets.

4. Strengthening climate resilience and adaptation measures.

5. Empowering local governments to implement actions at the subnational level.

6. Driving private sector participation in climate solutions.

Financing the Climate Transition

Implementing these ambitious commitments requires significant investment—estimated at $72 billion, with 97% allocated to energy and transport. The Philippines plans to secure financing through:

• The General Appropriations Act (GAA) and Climate Change Expenditure Tagging (CCET).

• Public-private partnerships (PPPs) and local government funds.

• International financing from ADB and the Export-Import Bank of Korea.

• Establishing a project preparation facility for the waste and agricultural sectors.

Transparency and Progress Monitoring

The Climate Change Commission (CCC) is leading the monitoring and evaluation process, focusing on:

• Effectiveness of NDC targets and budget allocations.

• Contribution to climate adaptation, technology transfer, and SDGs.

• Cross-sectoral impacts and expenditure balance.

Biennial Update Reports and Transparency Reports to the UNFCCC will provide data-backed insights, with third-party verification ensuring credibility.

Why Now? The Philippines is Ready for Carbon Markets

With a clear roadmap, strong financial mechanisms, and a commitment to transparent governance, the Philippines is positioned as a leader in the voluntary carbon market. Now is the perfect time to launch carbon projects in the Philippines and contribute to a low-carbon future.

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Reference:

Climate Change Commission and Department of Environment and Natural Resources (2023). Implementation Plan for the Republic of the Philippines Nationally Determined Contribution (NDC) 2020-2030. [online] Climate.gov.ph. Available at: https://niccdies.climate.gov.ph/files/documents/The%20Philippines-%20NDC%20Implementation%20Plan%20-%20072024.pdf.