Philippines urged to set net zero target as businesses call for government leadership
business.inquirer.netThe Net Zero Carbon Alliance (NZCA) and executives from Energy Development Corp. (EDC) are pushing the Philippine government to formally adopt a net zero target, arguing that the country's lack of one leaves it vulnerable to global fossil fuel price shocks and weakens its climate response. The Philippines is currently the only Southeast Asian nation without a net zero commitment, though it submits Nationally Determined Contributions under the Paris Agreement. NZCA members have already cut emissions by 45,100 tons of CO2 equivalent, but leadership from the government is seen as essential to scale up decarbonization efforts across sectors. The article highlights the need for clear direction and coordination, which would help agencies like the Department of Energy plan long-term clean energy rollouts and attract funding for projects such as carbon capture.
