By Ellalyn De Vera-Ruiz
The Climate Change Commission (CCC) has urged the private sector to find opportunities in a changing climate policy landscape by engaging in green growth and climate action.
CCC Secretary Emmanuel de Guzman said the latest Intergovernmental Panel on Climate Change (IPCC) Special Report on Climate Change and Land should guide the Philippines “in our pursuit of low carbon and climate-resilient development plan.”
The United Nations-led IPCC report specifically cited that land-related actions contribute to climate change, while climate change in turn, contributes to the under growing human pressure on land.
He pointed out that the IPCC report “unequivocally states that land is critically important as well, both as the source of greenhouse gas emissions and as a climate change solution.”
“The private sector as an engine of economic growth will be a critical factor in our pursuit of a more resilient and greener pathway towards sustainable future,” de Guzman said.
According to Jose Leviste Jr., Philippine Chamber of Commerce and Industry’s Director in-charge of Environment, Climate Change, and Urban Development, green investments is starting to take off, seeing these in initiatives like the Green Hospitals, Green Buildings, and Green Banking and more importantly, in the Green Jobs Act.
“As long as there is an enabling environment for private sector participation, the sector will always be willing to cooperate,” he said.
Leviste committed to mobilizing its members composed of 35,000 small, medium and large enterprises from 124 local chapters nationwide and about a hundred industry associations to do their share to transform to a low carbon economy.
“We just met with Secretary de Guzman yesterday on how the private sector can participate and access available funds from various international financing institutions including the Global Climate Fund,” he said.
He noted that the IPCC special report is “very alarming” and calls for concerted action “not just by governments but by all of us.”
“We, in the private sector, recognize that and are eager to cooperate and support the government to implement these actions,” he added.