According to a release from the Philippines Department of Finance, Finance Secretary Ralph G. Recto is looking at the development of a carbon tax and emissions trading system (ETS). --- Recto calls for study of carbon pricing instruments, underscores need to identify optimal mix for PH Finance Secretary Ralph G. Recto has called for the study of carbon pricing instruments and underscored the need to identify an optimal mix thereof, which will help the Philippines move towards a greener future. "Carbon pricing instruments serve as a powerful fiscal tool, allowing us to incorporate the social and external costs associated with...