The Philippine government is studying the feasibility of implementing a carbon tax in the country. Finance Undersecretary Maria Cielo D. Magno, however, said it is unlikely for the plan to become a bill within the year. The Finance department earlier said it is considering a carbon tax to encourage businesses that emit carbon dioxide to shift to sustainable practices. The country currently does not have any explicit form of carbon pricing. Albay Rep. and House Ways and Means Committee Chair Jose Maria Clemente S. Salceda said that the legislature is waiting for the government’s carbon pricing proposal. However, Salceda said the government should prioritise renewable energy instead of a carbon tax. Analysts said a carbon tax would not just raise revenues but also promote environmental sustainability. The Philippines has committed to reducing its greenhouse gas emissions by 75% by 2030.