Government courts investors to finance climate goals
The Marcos administration is seeking to attract more private capital to bankroll green projects and help accelerate the country’s progress toward its climate targets.
The Philippine government is urging private investors and business leaders to contribute capital to green projects in order to rapidly advance the country's climate goals. Environment Secretary Juan Miguel Cuna made the appeal at the Philippine Net Zero Conference 2026, urging financial institutions to view climate projects as "accessible, scalable, and non-debt creating."
Cuna stressed the need for stronger cooperation between the government and the private sector to ensure that climate ambition translates into real-world outcomes. While the Philippines is a signatory to the Paris Agreement, it has not yet set a net-zero target. However, it has committed to reducing greenhouse gas emissions through its nationally determined contribution (NDC). The enhanced 2026 NDC aims to cut and avoid net emissions by 75 percent by 2035.
Cuna explained that the 2026 NDC serves as a national economic platform that links climate action with energy security, economic stability, fiscal resilience, and social protection. As part of its climate efforts, the Philippines is developing policies to establish clear criteria for identifying mitigation activities, projects, and programs that can generate and receive carbon credit certificates.
These certificates, representing one ton of carbon dioxide equivalent emissions reduced or removed from the atmosphere, can be traded and are crucial for achieving net-zero emissions in a highly climate-vulnerable nation like the Philippines.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
