Live Breaking News & Updates on Uot She Added Alvarez Said That With The Help Of Wb

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 ....

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