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Have you experienced DENR-Environment Management Bureau required your business to  secure Environmental Compliance Certificate? Most of business does, even for a small  restaurant depending on the number of meals per day or volume or quantity of pollution  your business waste generates. Let me give a glimpse what is ECC or Environmental  Compliance Certificate is all about. In Philippine context ECC is a document issue to the  proponent after thorough review of EIA report. The ECC outlines the commitment of the  proponent which are necessary for the project to comply with the existing environmental  regulations or to operate within the best environmental practice and enter agency  mandates. And an EIA report, Environmental Impact Assessment is a comprehensive  document which contains a guide for decision making to reduce or mitigate the adverse  environmental impacts through formulation of Environmental Management Plan (EMP). And  the coverage of the EIA document for a certain project varies on the degree impact of the  project. As stated in the Philippine Environmental Laws. I don’t need to elaborate and  contextualize all of the processes and documentations to make this blog short., A project  may require ECC or CNC.,  Certificate of non Coverage, and  ECC may required EIS  (Environmental Impact Study or  IEE (Initial Environmental  Examination) after Screening  and the content of the Study will  depends on the extent of the  Scoping process. Securing the  permit it does not guarantee  that the project is  environmentally friendly, an ECC  is an outline of commitments for  compliance of environmental  policies and the document is  subject for revocation and/or renewal periodically by providing periodic report (Air and  Water waste emission Engineer’s Report for DENR-EMB submission or Environmental Safe  Guard Report for ADB projects ) on waste disposals and strictly be stated in the EMP of EIA  with regards to the most precious elements in solar system “water and Air”.   Water is a precious commodity in desert regions and air become a monetized commodity  after the Kyoto Protocol in 1992 , and these efforts amplifies after the Paris Agreement in  2015. The Paris Agreement parties on United Nations Framework Convention on Climate  Change (UNFCCC) address climate change because of the adverse effects especially on  climate pattern changes that cause’s extreme weather conditions threatening small island  states and countries, natural resources, flora, fauna, there habitats., man and built-  environments. Global Warming contributes all these threatening phenomena and the  agents of these occurrences are carbon gas (CO2) and GHG (Green house gases)  pollutions. The Parties on the Parish Agreement agreed to reduce and set the Global  temperature by 2 deg Celsius every year by reducing CO2 and GHG global accumulated  emission by at least 1.5 % yearly. To support and enforce these frameworks the parties on  the Paris agreement agrees to  monetize air pollution using  the target diminishing GHG  emission of 1.5% yearly  allowing a number of carbon  credits for each countries  and/or industries. Countries  with more carbon sinks(e.g.  natural parks and forest),  clean and sustainable  renewable energy sources &  industry get the most credits. Carbon Credit is a permit or  certificate allowing the holder  to emit carbon dioxide or other  greenhouse gases. The credit limits the emission to a mass equal to one ton of carbon  dioxide or 4 to 5 months emission driving of typical car. Carbon Credits becomes the new  financial instrument after the Cryptocurrencies. The only difference is, it is ratified by the  UNFCCC and it is based on the most important resource in the planet “Air”. Since carbon  gases and GHG should be reduce by 1.5% per year so is the Carbon credit allocations year  on year till become scarce. Becoming more and more valuable as time progresses  triggered by demand. The Paris Agreement “Comodify” this element (yes, I call this word  “comodify”) and therefore can be invest or trade like that of a precious commodity, a  financial instrument or a currency,., buy or sell in an Exchange like our (Philippine Stocks  Exchange) PSE or in a commodity market, these also obeys with the principle of supply  and demand, Just watch out how and when the UNFCCC devalues the “carbon credit”. By  becoming and environmentalist yourselves through participation in an environmental  organizations, attending seminars and forums.,join their cause, be updated with the latest  news on Sustainable Development and Climate Change, funny right?   If you want to venture into carbon credit trading study “Cap and Trade” just search it on  Google. But sorry to say its still under development and countries especially Developing  Countries are being conditioned to adapt the system by enhancing their Environmental  Policies and Regulations and comply these clearances, permits, in-line with the global  environmental standards and policies imposed by the first world countries and multilateral  organizations in exchange for grants, loans and other economic incentives. 

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