Try GOLD - Free
Policy overhaul needed to attract green funds
Manila Bulletin
|April 22, 2025
To advance climate-resilient, sustainable cities in the Philippines, the Organization for Economic Cooperation and Development (OECD) is urging the government to put in place an integrated and centralized framework that would attract green private investments.
-
"The Philippines faces several challenges in sustainable urban development financing. One major issue is the fragmented institutional coordination that hinders the implementation of sustainable urban development frameworks," the OECD said in an April 17 report titled "Financing Sustainable Cities in Southeast Asia."
"Despite progress in renewing national spatial plans and frameworks, the lack of integrated climate action and land use regulations remains a significant barrier," the OECD added.
The OECD also identified challenges in diversifying financing instruments and leveraging private investment for sustainable cities in the country, including "complex" taxation and policy requirements for real estate investment trusts (REITs), which it nonetheless noted are being addressed by reforms introduced in 2020 through revisions in the REIT Act, allowing corporations and investors to promote more REIT investments.
This story is from the April 22, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Comelec decision to suspend poll preparations backed
Election watchdogs in the Bangsamoro Autonomous Region in Muslim Mindanao backed the decision of the Commission on Elections to suspend preparations for the upcoming first parliamentary elections in the region next month amid legal woes.
2 mins
September 19, 2025
Manila Bulletin
Defense urges ICC: Let Duterte be temporarily free amid 'fitness' proceedings delay
The defense for former president Rodrigo Duterte has asked the International Criminal Court's (ICC) pretrial chamber for his temporary release, pointing out that administrative delays caused by questions on his health condition should not hinder his right to liberty.
1 mins
September 19, 2025
Manila Bulletin
Fishers’ group to join Sept. 21 protest vs ‘anomalous’ flood control projects
Progressive fishers' group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) on Thursday, Sept. 18, said it will join the upcoming protest at Luneta Park in Manila on Sept. 21 to denounce the alleged corruption in flood control projects.
1 mins
September 19, 2025

Manila Bulletin
Kara David: 'Only GMA took a gamble on me
Kara Patria Constantino David, whose name means \"Beloved Homeland\" has devoted the past three decades of her career to unearthing and telling powerful stories across the Philippines.
6 mins
September 19, 2025
Manila Bulletin
Accompanying him were the Twelve and some women
Jesus lived and moved in a male-dominated society.
1 mins
September 19, 2025
Manila Bulletin
Gov’t institutions have no stability at all-VP Sara
“Kailangan pa lumubog sa baha yung mga kababayan natin bago merong nag-react na BBM ang pangalan.
2 mins
September 19, 2025

Manila Bulletin
Lipeño gears up for world championship
Antonio G. Racelis, a promising 10-year-old talent in the world of kart racing from Lipa City, Batangas is taking his talents to the world stage to test his mettle against top global challengers in one of go-karting's most prestigious world championships, the ROK Cup Superfinal.
1 min
September 19, 2025
Manila Bulletin
Unified 911 reaches 94.42% efficiency mark on first day
The recently launched “Unified 911 system” accomplished a 94.42 percent efficiency rating on its first day of operation on Sept. 11, the Department of the Interior and Local Government (DILG) said.
1 mins
September 19, 2025
Manila Bulletin
Teacher battling cancer, ALS mentor named 'DepEd Heroes'
The Department of Education (DepEd) on Sept. 15, announced two remarkable educators as part of the second batch of its DepEd Heroes Program, a recognition initiative that highlights the courage, dedication, and innovative spirit of public school teachers, personnel, and education partners across the country.
2 mins
September 19, 2025
Manila Bulletin
PBBM issues EO creating new pay system for GOCCs
President Ferdinand R. Marcos Jr. has issued Executive Order (EO) No. 95 establishing a new Compensation and Position Classification System II (CPCS II) for government-owned and -controlled corporations (GOCCs), replacing the previous framework issued in 2021.
1 mins
September 19, 2025
Listen
Translate
Change font size