FILE / STOCK
Philippine companies joined European counterparts at the Green Economy Forum aimed at boosting investments and business in circular economy and clean energy on Friday.
Titled ‘Businesses at the heart of the Green Transition in the Philippines’, the event from November 26 to 27 highlighted the pivotal role of the private sector in the country’s transition to a green economy.
Article continues after this advertisementREAD: Philippine-EU free trade negotiations lined up
FEATURED STORIES BUSINESS The $38.7 Billion BPO Industry: Filipino workers’ English skills crucial to success BUSINESS BIZ BUZZ: No retail Armageddon here: New fashion brands coming BUSINESS Meta Capital Inc. completes merger and acquisition of Yu & Co.Under the European Union’s (EU) Green Economy Programme, the forum brought together senior government officials from the Philippines, the European Union and its Member States, as well as representatives from the business community.
The event also underscored the importance of working together in green economic transition and in addressing environmental challenges.
Article continues after this advertisement“We come together at the Green Economy Forum to showcase the offer that the European Union and its Member States and financial institutions, working as Team Europe, make to the Philippine public and private sector. Today’s forum highlights opportunities for investment and business match-making for Filipino and European companies in the green economy sector,” said Ambassador of the European Union to the Philippines, Massimo Santoro.
Article continues after this advertisement“This forum aims to pave the way for stronger private and public collaboration, and to encourage investments in key sectors to promote the country’s green transition on energy, circular economy, and green technology. Our quality partnership will ultimately benefit today and tomorrow’s generations, by helping preserve the environment while reaping economic benefits for the country”, he added.
Article continues after this advertisementThe European Union and European Union Member States Austria, Belgium, Germany, Finland, France, the Netherlands and Sweden, pooled financial support of over ₱29 billion (EUR 466 million) under the Team Europe Initiative on Green Economy.
Norway is also joining this Team Europe Initiative. Team Europe offers a variety of products ranging from government-to-government support, to grants for local government units and innovation grants for the private sector.
Article continues after this advertisementREAD: Green energy investors want gov’t to revise one-size-fits-all auction model
The forum featured a plenary session led by the Ambassadors of Belgium, Finland, France, Germany, Sweden, Norway, and government representatives, with dialogues on European-led initiatives on green economy in the Philippines on investment, transformative circular economy, and just transition.
The Green Economy programme includes some key initiatives such as the Extended Producer Responsibility (EPR), which makes producers responsible for their products along the entire lifecycle, including once consumers discard them. The EU-PH programme also aims to tackle green public procurement.
Private sector representatives led panel discussions on scaling up clean energy and enabling circular economy initiatives.
Other highlights of the 2-day forum included dedicated business matchmaking and networking sessions for local and international enterprises.
Subscribe to our daily newsletter
Filipino artists also showcased their art in an exhibit highlighting themes of sustainability and circularity.nustabet gaming
READ NEXT Adani Group says it lost nearly $55B since US corruption charges Mexico suggests to impose own tariffs to retaliate vs Trump ta... EDITORS' PICK Brawner: It’s not true that I will take over VP Duterte’s security group 2 OVP aides now under close monitoring – Veterans hospital Ex-Pres. Duterte may be asked on call for AFP to fix ‘fractured governance’ Marcos arrives in Manila from one-day UAE working visit Highlights of León Gallery’s year-end Kingly Treasures Auction 13 undocumented Chinese nabbed in Bataan; ‘PLA uniform’ found MOST READ Comelec receives last batch of ACMs for 2025 polls PNP: Duterte supporters allegedly promised payment for Edsa rally QCPD files assault complaint vs Sara Duterte, OVP security chief Brawner to military staff: Resign if you want to express political stand Follow @FMangosingINQ on Twitter --> View comments