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DOF spokesperson and Assistant Secretary Paola Alvarez MANILA - Studies instituting an appropriate carbon pricing instrument (CPI) are ongoing as the Philippines helps combat climate change. The Office of Department of Finance (DOF) spokesperson and Assistant Secretary Paola Alvarez said the country currently does not have a carbon taxing plan but studies have been conducted in coordination with the World Bank (WB). "Imposing a carbon tax would require significant institutional capacity from the government and sector stakeholders," Alvarez said in a reply to questions from the Philippine News Agency. She said the government will use the appropriate carbon pricing instruments (CPIs) in engaging relevant legislators who have shown interest in establishing policies in the Philippines. "Currently, the House of Representatives and the Senate are in the process of developing legislation that will promote and establish appropriate CPIs in the Philippines," she added. Alvar ....

Paola Alvarez , Department Of Energy , Partnership For Market Readiness , World Bank , Philippine News Agency , Partnership To Market Readiness , Renewable Energy , Office Of Department Finance , Risk Resiliency Program , Assistant Secretary Paola Alvarez , Philippine News , Market Readiness , Technical Assistance , Accelerating Climate Investments , Nationally Determined Contributions , Carbon Pricing , Renewable Energy Act , Dof Spokesperson And Assistant Secretary Paola Alvarez Manila Studies Instituting An Appropriate Carbon Pricing Instrument Cpi Are Ongoing As The Philippines Helps Combat Climate Change Office Of Department Finance Said Country Currently Does Not Havea Taxing Plan But Have Been Conducted In Coordination With World Bank Wb Quot Imposinga Tax Would Require Significant Institutional Capacity From Government Sector Stakeholders , Uot Alvarez Said Ina Reply To Questions From The Philippine News Agency She Government Will Use Appropriate Carbon Pricing Instruments Cpis In Engaging Relevant Legislators Who Have Shown Interest Establishing Policies Philippines Quot Currently , He House Of Representatives And The Senate Are In Process Developing Legislation That Will Promote Establish Appropriate Cpis Philippines , Uot She Added Alvarez Said That With The Help Of Wb , Hrough The Recently Concluded Partnership For Market Readiness Pmr Technical Assistance , Of Has Developeda Cpi Suitable For Domestic Implementation She Said The Lender , Hrough The Accelerating Climate Investments In Philippines Acip , S Also Supporting The Government Through Advisory Services And Analytics Projects , Uch As The Risk Resiliency Program Rrp Partnership Is Aimed At Assisting Government In Bolstering Enabling Environment For Key Climate Adaptation And Mitigation Investments ,