'Fiscal policies to help address climate change'

By The Manila Times

Dec 04, 2023 12:21 am

THE government's fiscal and economic policies will help address climate change, Finance Secretary Benjamin Diokno said at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates.

Organized by the World Bank Group (WBG), the Session on Fiscal Policies to Address Climate Change discussed three key issues — explicit carbon pricing, fossil fuel subsidy reform as a critical form of implicit carbon pricing, and reducing fiscal risks.

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