The role of carbon markets in enabling and accelerating global climate action is one of the most contentious issues in the climate agenda. In the Philippines where this workstream is still in its infancy stages, there are mixed perspectives prevailing about how to engage in this topic. Given the diversity of perspectives on market-based approaches within the network, AKP’s positioning on carbon markets are guided by the Article 6 Manifesto, as seen through the following broad engagements.
AKP is currently leading the coordination of CSO representatives in collective engagements in the ongoing development of the Philippine Carbon Market Policy Framework, which will enable the implementation of Article 6 of the Paris Agreement in the Philippine context. This framework would only encompass market-based mechanisms, with the main aim of enabling the Philippines to achieve its mitigation targets, especially the NDC.
AKP sits as the CSO representative to the Philippine Committee of the Joint Crediting Mechanism (JCM), an international framework of bilateral agreements with Japan, to promote low-carbon technologies and actions, contributing to emissions reductions under the Paris Agreement. The network sits on Joint Committee and Global Partnership meetings, aiming to bring the voice of the marginalized into the proceedings.
AKP, along with Greenpeace Philippines, are the main CSO representatives in the ongoing deliberations in the House of Representatives Committee on Climate Change on carbon market-related legislation. These most notably concern the Low Carbon Economy Investment (LCE) Bill, which intends to enable a domestic emissions trading system to spur private sector-led decarbonization.
AKP and its members have been participating in consultations for the development of specific carbon market policies in NDC mitigation sectors. So far, the network has engaged with the Department of Energy and the Department of Environment and Natural Resources in the formulation of carbon market policies for the energy and forestry and other land use sectors, respectively.
Aksyon Klima Pilipinas 