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The Philippines signed its first legal framework for trading carbon credits. Experts caution that key rules for measuring and approving emission cuts are still missing.
Conditional approvals were granted to Verra’s revised methodologies for the connection of renewable energy to grids and abatement of methane from coal mines.
One-third of projects may have gone ahead even without the credit revenue, new research reveals.
The policy prioritises low-cost solutions for domestic decarbonisation, and higher-cost measures for international markets under Article 6. An industry leader told Eco-Business that further details on the use of carbon credits and more can drive investor confidence.
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