Philippines President Ferdinand Marcos Jr. said on Tuesday the nation’s green bond market has the potential to expand further, in remarks that show the Asia-Pacific region is stepping up efforts to fund risks arising from extreme weather events.
“Our green bond market has been recognized by the Asian Development Bank for its potential to expand even further,” Marcos said in a speech at the Asia-Pacific ministerial conference on disaster risk reduction in Manila. Renewable energy, green buildings and sustainable agriculture are some of the most promising sectors for growth in the country’s green bond market, he said.