Manila, Aug. 5 -- The Department of Environment and Natural Resources (DENR) is urging the private sector, particularly the business community, to invest in large-scale reforestation efforts, not only to combat climate change but also to gain access to carbon credits and new green economic opportunities.
In a news release on Tuesday, Environment Secretary Raphael Lotilla emphasized that forests are not only environmental buffers but also climate and economic assets, citing the potential for carbon credits in sustainable forest management areas.
"Are we going to simply see ourselves as producers of carbon credits? Can we take a look at how we can catch or capture part of the value added?" Lotilla said, challenging the business sector.
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