THE Department of Environment and Natural Resources (DENR) said it is preparing the terms for investing in reforestation programs taking place on 1.2 million hectares of land.
Environment Secretary Maria Antonia Yulo-Loyzaga told reporters on the sidelines of the Japan-Philippines Environment Week ceremony that the reforestation pitch will be directed to potential foreign investors that need to offset their emissions.
“We expect that there will be interest on the part of foreign corporations that are willing or need to offset what they are emitting. The overall goal for us is to reforest,” she said.
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