MANILA, Philippines, [October 29, 2026] – Energies PH, Inc. and international carbon market experts are ready to support the Department of Environment and Natural Resources (DENR) in drafting the country’s national carbon market rules under the newly issued Executive Order No. 127. The group explores potential opportunities in carbon credits and Renewable Energy Certificates (RECs) and is now looking at waste-to-energy (WtE) projects in the Philippines.
“Our experts will guide us in moving this initiative to harness energy from waste. We will be able to assist in no small measure, as we are focused on the compliance markets.” said Antonio A. Ver, chairman of Energies PH.
Signed by President Ferdinand R. Marcos Jr. on October 13, EO 127 gives the DENR 30 days from the Order’s effectivity to submit a Philippine Carbon Market Policy Framework to a new Inter-Agency Committee on Carbon Markets. The framework will govern project approvals, credit trading and benefit-sharing under both voluntary markets and Article 6 of the Paris Agreement.
The group combines power market expertise with two decades of experience in international carbon markets.
- Antonio A. Ver leads the initiative. Formerly Independent Director of the Philippine Electricity Market Corp., the governing body of the Wholesale Electricity Spot Market, he founded the Asia Pacific Basin for Energy Strategies (APBest), an energy and economic think tank which earned Special Consultative status at the UN ECOSOC in 2014. He brings regulatory knowledge, project development expertise, extensive industry experience and cohesive relationships across the Philippine energy sector.
- Kes Shotum and Vinod Kesava of CRX International are a Singapore-based father-and-son with 20 years in international carbon markets. Their work spans carbon credit project development, carbon market mechanisms, environmental commodities and the commercialization of emission reductions. Vinod specializes in identifying and structuring carbon credit opportunities, assessing eligibility, additionality and feasibility, and meeting the technical requirements of international certification standards.
- The Climate Asset Facility (CAF) is a collaboration between CRX International and Asia CarbonXchange (ACCP). It pairs CRX’s technical consultancy and project development with ACCP’s market development, commercialization and regional network. ACCP is led by chief executive Ir. Nirinder Singh Johl, who held leadership positions at Malaysia’s Tenaga Nasional Berhad.
- Hilarion G. San Diego is Energies PH Chief Economist who writes the Terms of Reference for Blue Finance under SDGs 6, 14 and 15; and Green Finance for WtE.
Conversation before EO 127
They have been working to build carbon and clean energy markets in the region for years:
- Carbon credits since the Kyoto era under the Clean Development Mechanism strategy.
- In building the Philippine REC market, Energies PH and Asia CarbonXchange have published analyses of the Philippine Renewable Portfolio Standards market and of how local renewable energy assets can qualify for international REC registries.
- Tackling waste at the source. Energies PH supports The Ocean Cleanup in its Interceptor technologies on the Pasig River, Manila Bay and Cebu, a five-year agreement the Dutch nonprofit signed with the DENR in June 2026 under the UN 30 Cities Program.
- Regional energy strategy. Ver writes on regional energy policy, including the BIMP-EAGA–Australia–New Zealand corridor for clean power and AI infrastructure.
With EO 127 in place, the group pursues methane avoidance credits and RECs from WtE projects, and aims to engage developers early on, while additionality and feasibility can still shape project design.