In energy investments: investments that create environmental benefits in support of green growth, low-carbon, carbon avoidance, and sustainable development, and the use of alternative assets such as carbon credits, such as those pursuant to Article VI of the Paris Agreement, or ecosystem services [Section 3(m), PPP Code of the Philippines; Section 4(w), Implementing Rules and Regulations of Republic Act No. 11966, “An Act Providing for the Public-Private Partnership (PPP) Code of the Philippines”]
Note: Under the IRR, “Article VI” of the Paris Agreement is correctly written as “Article 6” of the Paris Agreement.