Question & AnswerQ&A (EXECUTIVE ORDER NO. 320)
The primary purpose is to designate the Department of Environment and Natural Resources (DENR) as the National Authority for the Clean Development Mechanism (CDM) in the Philippines.
The United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol are the international agreements recognized.
The CDM is a mechanism created by the Kyoto Protocol that allows developed countries to invest in projects in developing countries that prevent or absorb greenhouse gases, thereby earning carbon credits.
The Department of Environment and Natural Resources (DENR) is designated as the National Authority for CDM.
The powers and functions include formulating national CDM policy, developing criteria and standards for CDM projects, assessing and approving CDM projects, monitoring implementation, and performing related functions.
The Department of Energy is tasked to take the lead role in evaluating energy-related CDM projects as part of the Technical Evaluation Committees.
These committees are created to ensure efficient and effective evaluation and implementation of CDM projects under the National Authority.
The National Authority must promulgate the necessary rules and regulations to effectively carry out its functions related to CDM.
Yes, the existing procedures remain enforced during the interim period.
They are repealed, amended, or modified accordingly.
It took effect immediately upon filing with the University of the Philippines Law Center of the Rules and Regulations issued pursuant to Section 3.