Consultative Meeting on House Bill No. 7705 or the Low Carbon Economy Act - SPIK
Members of the Responsible Care Council attended the virtual Consultative Meeting on House Bill No. 7705 or the Low Carbon Economy Act last April 19, 2024.
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19 Apr Consultative Meeting on House Bill No. 7705 or the Low Carbon Economy Act

Posted at 12:51h in 2024 Events, SPIK News by
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Members of the Responsible Care Council attended the virtual Consultative Meeting on House Bill No. 7705 or the Low Carbon Economy Act last April 19, 2024. The meeting was organized by the Philippine Chamber of Commerce and Industry (PCCI).

The bill aims to maximize the contribution of industrial and commercial sectors in reducing greenhouse gas emissions (GHG) and minimize the adverse effects of climate change through the establishment of a policy environment for technological development and transfer, capacity building, sustainable finance supporting just transition towards low carbon economy, including the configuration of a nationally-appropriate market-driven system of tradable GHG allowances, among other options, to optimize the country’s carbon goal-based transformation.