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The Philippines has adopted a roadmap for a Voluntary Forest Carbon Market (VFCM) for 2026-2030, aiming to enhance the economic value of forest carbon while achieving climate goals. The Department Administrative Order by the DENR outlines priorities such as establishing a policy framework for forest carbon rights, creating a National Forest Monitoring System, and resolving jurisdictional overlaps.

The initiative promotes fair benefit-sharing with local communities and Indigenous Peoples. It will be implemented with technical support from the UNDP and is set to take effect 15 days after publication, following consultations with various stakeholders.