DENR Administrative Order No. 2021-43. Guidelines on the establishment of the carbon accounting, verification, and certification system (CAVCS) for forest carbon projects.

The Order provides for establishing a carbon accounting, verification, and certification system for forest carbon projects to encourage and support investments in activities that sequester carbon dioxide and avoid emissions from defrostratiyon and forest degradation. This Order covers forest carbon projects established in forest lands, ancestral domain areas, private lands, and protected areas. The Certificate of Carbon Sequestered (CCS) signifying the amount of carbon dioxide sequestered or greenhouse gases (GHG) removed by a forest carbon project, measured in metric tons of carbon dioxide equivalent. The CAVCS adheres to the basic principles for greenhouse gas accounting, monitoring, and verification, as established in the Philippine National Standard and the intergovernmental panel on climate change good practice guidance for land use, land-use change and forestry. Participating individuals and entities can use the CAVCS to demonstrate their commitment to forest protection, afforestation, reforestation, and restoration, meet carbon neutrality goals and report on mitigating and/or corporate sustainability. The Order has 18 Articles and 6 Annexes.