The Department of Finance (DoF) committed to help fast-track green investments under a joint memorandum circular which contains plans for a one-stop action center and investment facilitation network.

The DoF said its officials on 2 June joined the signing ceremony of 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.”

In a statement, DoF said the circular requires government agencies to streamline operations, especially in mobilizing green investments covered by EO 18. This provides guidelines on the Green Lane, which fast-tracks approvals of high-impact projects.

To ensure smooth processing of green investments, DoF said the circular requires the creation of the One-Stop Action Center for Strategic Investments which will accept investment applications.

DoF said the circular will also establish the Investment Facilitation Network in completing the process of realizing green projects. The network consists of 38 government agencies chaired by the Department of Trade and Industry (DTI)-Board of Investments and co-chaired by the Anti-Red Tape Authority.

The network will arrange issuances of permits, licenses, certifications or authorizations to 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,” DoF Secretary Ralph Recto said.

“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,” he added.

The DTI reported more businesses investing in renewable energy (RE) as of 27 May 2025.

The government agency said RE projects in the country increased to 62, representing 78 percent of the total 208 projects which received Green Lane Certifications or priority statuses during the period. The RE investments amounted to P5.2 trillion.