News

Carbon tax ‘less costly’, more effective than emissions trading for the Philippines: WWF exec

Putting a pre-defined price on fossil fuel emissions will generate more revenue and is not as expensive as setting up a cap and trade scheme, mooted under a new low carbon bill, says Ed Tongson, WWF Philippines’ sustainable finance lead.

carbon-tax-‘less-costly’, more-effective-than emissions-trading for-the-philippines:-wwf-exec

Putting a pre-defined price on fossil fuel emissions will generate more revenue and is not as expensive as setting up a cap and trade scheme, mooted under a new low carbon bill, says Ed Tongson, WWF Philippines’ sustainable finance lead.