The Philippines' first real estate investment trust, or REIT, focused on clean energy made its debut on the country's stock market last year. China now has its eye on the financing channel too. Does this new mechanism come with drawbacks?
A most recent case involves the Supreme Court issuing the nature writ to stop mining firms from operating in Palawan. Eco-Business looks into this unique mechanism under Philippine environmental law that gives the people constitutional right to a healthy environment.
Market participants have welcomed the draft Taskforce for Nature-related Financial Disclosures (TNFD) framework, set to become the baseline standard for nature-related risk reporting. But NGOs are sceptical of whether it will address the role of large companies in driving biodiversity loss.