The Philippines' Department of Finance jointly hosted a regional forum on developing and harmonizing carbon markets across the Association of Southeast Asian Nations (ASEAN) to attract private investment for climate action. During the forum, the Philippines, as ASEAN chair, explored the possibility of a carbon market implementation and interoperability study with support from the Asian Development Bank (ADB). The study would help member states develop their markets and strengthen compatibility between national systems.
Discussions focused on carbon market policies, trading carbon credits across borders, and aligning national carbon registries and monitoring systems. The forum was jointly hosted with the Philippines' Securities and Exchange Commission in partnership with ADB, aligning with the ASEAN Capital Markets Forum Action Plan 2026–2030. As background to the regional discussions, the Philippines has already established its Carbon Market Policy Framework under Executive Order No. 127 of 2026 to support participation in regional and international carbon markets.