Carbon Markets and Climate Finance Opportunity Assessment for the Philippines

The UK Government's Partnering for Accelerated Climate Transitions (UK PACT) programme is seeking qualified suppliers or consortia to help the Philippines assess carbon market opportunities and strengthen institutional capacity for climate action. The Philippines aims to reduce greenhouse gas emissions by 75% by 2030 under its Nationally Determined Contribution (NDC). To achieve this ambitious target, the country needs to mobilise climate finance, build institutional expertise, and identify cost-effective mitigation strategies across key economic sectors. Carbon markets, including potential participation under Article 6 of the Paris Agreement, can help unlock climate finance and support emissions reductions while maintaining environmental integrity. The Climate Change Commission (CCC) is seeking a supplier to assess how carbon markets can support the Philippines' NDC Implementation Plan and Long-Term Strategy. The selected supplier will: - Conduct an economy-wide assessment of carbon market opportunities - Identify mitigation and revenue potential across priority sectors - Prioritise sectors and develop a preliminary pipeline of carbon market projects - Provide technical assistance and capacity-building to strengthen the CCC's ability to oversee and coordinate carbon market development with government agencies and stakeholders Building on previous UK PACT support, including development of the Philippine Emissions Pathway Calculator (PEPC), this assignment will provide the evidence base and institutional capacity needed to guide carbon market development. To apply, interested suppliers should review the documentation and submit applications to: philippines@ukpact.co.uk