Policy imperatives for carbon trading in the Philippine rice sector

Posted on Aug - 2 - 2024

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Policy imperatives for carbon trading in the Philippine rice sector

Climate change is a key threat in the agriculture sector, which itself also contributes significantly to worsening climate change impacts. At the global level, the agriculture sector accounts for 27% of all the greenhouse gas (GHG) emissions (ASEAN CRN, 2023). In the Philippines, the sector is the second largest GHG emitter. Rice cultivation represents the largest source accounting for 52% of the total agriculture emissions (NICCDIES, 2024). Hence, rectifying certain practices in rice cultivation can substantially help reduce GHG emissions.

Philippine Rice Research Institute (PhilRice) is a government corporate entity attached to the Department of Agriculture created through Executive Order 1061 on 5 November 1985 (as amended) to help develop high-yielding and cost-reducing technologies so farmers can produce enough rice for all Filipinos.