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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 andWater 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.