Скачать или смотреть Unlocking capital for sustainability 2024 PH | Measuring the macroeconomic effects of carbon prices

Insights presentation 2: Measuring the macroeconomic effects of carbon prices

The race is on for the Philippines to achieve its pledge to reduce greenhouse gases emissions by 75 per cent by 2030.  Most of the country’s target is conditional, to be met through funding and assistance from the international community.  With a lack of a science-based net zero target, and its coal and gas fleet, how can the fossil fuel-dependent country attain its low-carbon ambitions? 

The government kickstarted the Green Energy Auction Programme to ensure renewables account for 35 per cent of the country’s energy mix by 2030. 

The country’s first-ever carbon pricing measure is being developed to incentivise industries to decarbonise. A bill focused on natural capital accounting has been signed into law, with measures to boost investment for reforestation and mangrove preservation. There is also now a strong push for blue carbon projects.‍

How can the Philippines unlock more funding to support the new era of nature and energy? What frameworks are needed to make transition finance an effective tool for hard-to-abate sectors?  How can SMEs access funding to scale their sustainable business transformation?

Unlocking Capital for Sustainability Philippines 2024 will convene leaders and decision-makers across the government, financial institutions and civic society to explore how to enable an equitable transition. 

Speaker:
Edgardo E. Tongson
Sustainable Finance Lead, WWF Philippines