The Philippines has introduced a new nature-based solutions policy aimed at addressing climate mitigation and adaptation. The policy includes carbon finance options, signaling a move to integrate carbon markets into the country's environmental strategy. This development could open up opportunities for projects like reforestation and blue carbon initiatives in the region. For carbon market participants, this policy signals a clearer regulatory pathway for nature-based projects in the Philippines. It may attract investment from developers and buyers looking for high-integrity credits. The inclusion of carbon finance options suggests the government is positioning itself to participate in both voluntary and compliance carbon markets.
