The Department of Finance (DOF) is still considering slapping carbon tax as long as it won’t hike energy prices and instead facilitate the entry of green or environmentally sustainable investments. In a March 21 statement, the agency said it is working with the Washington-based multilateral...
(MANILA BULLETIN) A green tax measure is being sought by Camarines Sur 2nd district Rep. LRay Villafuerte under House Bill (HB) No.2894, or the proposed Piso para sa Kalikasan (A Peso for Nature) Tax. Villafuerte says HB No.2894 represents the...
The Department of Finance (DOF) has stressed the importance of determining the most efficient and economically viable approach to carbon taxation before introducing it in the Philippines. Finance Secretary Ralph G. Recto said on Tuesday, Jan. 16, that it is vital to find the most suitable way to...
A proposal to impose carbon tax on the use of electricity to raise extra funds for initiatives against climate change is up at the House of Representatives. The measure was filed by Camarines Sur 2nd District Rep. LRay Villafuerte, together with fellow congressmen from the province — his son Rep....
A group of Camarines Sur solons are batting for the imposition of a "carbon tax" on the use of electricity (CTE) as a way to raise extra funds for climate action initiatives. (Kelly Sikkema/ Unsplash) One of them, Camarines Sur 2nd district Rep. LRay Villafuerte, said such landmark tax can help the...
Despite the dominance of coal plants in the country’s energy mix, Energy Secretary Alfonso G. Cusi forthrightly stated that the Philippines is not ready for ‘carbon tax enforcement’ because such policy could worsen the travails of consumers on high cost of power that they are already...
