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Villar urges gov't to grant incentives to 'green', eco-friendly Industries

Philippines | National

Villar urges gov't to grant incentives to 'green', eco-friendly Industries

By Ben R. Rosario

House Deputy Speaker and Las Piñas Rep. Camille Villar has filed a resolution encouraging government to grant broader incentive schemes to companies going green or those that adopt eco-friendly practices.

Rep. Camille Villar

Villar filed House Resolution No. 2438 to urge government to provide perks and additional benefits to companies that adopt green techniques will inspire private investments toward a more sustainable future that could result in more employment opportunities for Filipinos.

“In order to spur the green industry, the government should expand its incentive program beyond the manufacturing sector and promote more green firms, particularly micro, small and medium enterprises, that adopt an eco-friendly approach in their operations,” Villar said.

"Incentivizing green industries means promoting them, it is a sunshine sector and hence, it will mean more jobs. It will pave the way for new employment and opportunities for young people and new graduates," she added.

Villar encouraged businesses to start improving their said it is important for businesses to start improving their practices The Las Piñas lawmaker said the government enacted Republic Act 10771 or the Philippine Green Jobs Act in 2016 to pave the way for more green jobs or employment that promotes preservations of the environment.

The Board of Investments had also implemented capital equipment perks and income tax holiday to the manufacturing industry and its sub-sectors, in particular those that help save energy and natural resources.

“While consumers need to be fully aware of the need and importance of buying from sustainable firms, entities must also be rewarded for employing eco-friendly methods in order to reduce their costs and result in lower prices,” Villar added.

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