House climate change committee to tap public, private sector experts for bills on green economy - BusinessWorld Online

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House climate change committee to tap public, private sector experts for bills on green economy - BusinessWorld Online
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The House Committee on Climate Change will tap public and private sector experts to help enhance proposed laws aimed at creating a more green Philippine economy and protect sectors most vulnerable to climate change. READ:

Negros Oriental Rep. Jocelyn Sy Limkaichong, vice chair of the committee, said via e-mail that there are pending measures in Congress that can help address the impact of climate change.to delineate the boundary limits of forest lands and protect them from further denudation,Another pending measure seeks to strengthen the existing Wildlife Resources Conservation and Protection Actshe said.

Ms. Limkaichong also cited a bill that will establish carbon trade and credits that will encourage the private sector to reduce greenhouse gas emissions using economic rewards and incentives.to promote beach forest protection, mangrove rehabilitation, and sustainable management.She also cited a bill that will declare the Philippine Rise, previously referred to as Benham Rise as a protected area, home to millions of hectares of coral reefs and fish stocks.

In 2021, hazards brought by climate change caused P506.1 billion in losses and damages, according to the Finance department. Every year, the Philippines is visited by around 20 tropical cyclones, some of which have become stronger in recent years and affecting areas that were historically considered as typhoon-free.

Bohol Rep. Edgar M. Chatto, the committee chair on Climate Change, said the bills in place must be assessedin close coordination with the executive department especially with agencies such as the National Economic and Development Authority

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