Philippine private‑sector groups have secured observer status at the ASEAN Common Carbon Framework (ACCF) during COP31 in Antalya, Türkiye, positioning the country to unlock climate finance for forest restoration, biodiversity protection, and local community livelihoods.
Aboitiz Foundation, representing CarbonPH Coalition and the Philippines Nature‑based Solutions (NbS) Group, joined the signing of the ACCF Memorandum of Collaboration, renewing the regional partnership for two more years to build transparent, high‑integrity carbon markets across Southeast Asia.
The participation lets Philippine stakeholders share local insights on carbon standards, financing, and cross‑border cooperation while highlighting the country’s growing nature‑based climate solutions and sustainable investment potential.
“ASEAN has the natural capital and economic dynamism to become a significant player in global carbon markets. Through the CarbonPH Coalition and our work in nature‑based solutions, we hope to contribute Philippine perspectives and practical experience to this regional effort,” said Ginggay Hontiveros‑Malvar, Aboitiz Chief Reputation and Sustainability Officer and President of Aboitiz Foundation. “Our aim is to help build a carbon market where integrity attracts investment, climate action creates economic opportunity, and communities share in the value being created.”
This COP31 milestone builds on ongoing local efforts led by CarbonPH Coalition and the NbS Group, whose long‑term programs focus on forest restoration, watershed protection, biodiversity conservation, community development, and strong governance frameworks. These projects showcase the Philippines’ capacity to run credible nature‑based carbon initiatives that protect ecosystems while generating livelihoods for local communities.
Established in 2024, ACCF unites carbon‑market organizations from Malaysia, Singapore, Indonesia, and Thailand, with its 2026‑2028 strategy prioritizing broader ASEAN representation, international‑standard alignment, better market infrastructure, and technical cooperation for reliable cross‑border carbon financing.
The observer role gives Philippine private‑sector stakeholders a formal platform to share on‑the‑ground lessons, learn from regional carbon‑market developments, and connect ASEAN climate funding directly to Philippine conservation projects, sustainable livelihoods, and long‑term environmental resilience.
