The Department of Finance (DoF) has taken a significant step to boost green investments by signing a joint memorandum circular on June 2, aimed at streamlining processes through a new One-Stop Action Center for Strategic Investments.
In an official statement, the DoF announced that the circular, titled “Strengthening the Coordination Mechanism Between and Among the Investments Facilitation Network Members and Integration of the Provisions of Executive Order (EO) 18, series of 2023,” mandates government agencies to expedite operations for green investments under EO 18. This executive order establishes Green Lanes to fast-track approvals for high-impact projects.
The circular requires the creation of the One-Stop Action Center for Strategic Investments, which will serve as the central hub for processing investment applications.
Additionally, it establishes an Investment Facilitation Network, comprising 38 government agencies, chaired by the Department of Trade and Industry (DTI)-Board of Investments and co-chaired by the Anti-Red Tape Authority. This network will handle the issuance of permits, licenses, certifications, and authorizations for project developers.
“The signing of this circular is a strong signal that we are serious about cutting red tape, improving the ease of doing business, and making the Philippines a more attractive destination for investors,” said DoF Secretary Ralph Recto.
Energy efficiency services
“With this circular in place, along with the CREATE MORE Act on tax incentives, our message is simple: we want you to invest here, and we will make it easier for you to do so,” Recto added.
The DTI reported a surge in renewable energy (RE) investments as of May 27, 2025, with 62 RE projects accounting for 78 percent of the 208 projects granted Green Lane Certifications. These RE investments total P5.2 trillion.
The DoF’s commitment aligns with the government’s push for sustainable development, as outlined in EO 18, which prioritizes strategic investments with significant economic and environmental impact.
Solar energy systems
What are your thoughts on the government’s efforts to streamline green investments? Share your insights and join the discussion on how these initiatives can shape a sustainable future for the Philippines.
(This article was orginally published at Power Philippines)
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