The Philippines’ Department of Energy (DOE) is working with the UK government to develop a framework for the generation and management of carbon credits in the energy sector. The draft Department Circular, recently released by the DOE, aims to attract clean energy investments while aligning with the country’s climate commitments.
Discussions with the British Embassy Manila covered carbon pricing mechanisms and UK-supported green finance programs that could support the Philippines’ transition. The DOE highlighted the importance of international partnerships in building a credible and effective carbon market that adheres to global best practices.
The initiative forms part of broader efforts to strengthen the country’s renewable energy transition. By establishing a carbon credit system, the Philippines seeks to provide policy certainty for investors, enhance transparency in emissions management, and accelerate clean energy deployment across the archipelago.