News and Updates
NGOs say ADB climate financing targets not ambitious enough
by Angelica Y. Yang | October 17, 2021 | Published by BusinessWorld | READ THE STORY HERE A network of civil society groups said the Asian Development Bank’s (ADB) updated climate financing target of $100 billion is “un-ambitious,” adding that the eligibility requirements for projects to be funded are [...]
NGO says RE plants prone to fewer outages than coal-fired facilities
by Angelica Y. Yang | October 14, 2021 | Published by BusinessWorld | READ THE STORY HERE Non-government organization (NGO) Institute for Climate and Sustainable Cities (ICSC) said Thursday that renewable energy (RE) facilities are more reliable than coal-run plants, citing data on outages from the wholesale electricity spot market. [...]
Implement Clean Air Act, raise air quality standards vs. pandemic – experts
MANILA, 14 October 2021 -- Experts today called on the government to implement the Clean Air Act with a “higher sense of urgency” in keeping with the latest air quality guidelines issued by the World Health Organization (WHO). Air quality advocates said the standards need to be raised drastically [...]
China’s move vs coal seen to expedite PHL energy transition
by Angelica Yang | October 6, 2021 | Published by BusinessWorld | READ THE STORY HERE CHINA’S MOVE to stop building new coal plants abroad will likely speed up the Philippines’ energy transition away from coal and other inflexible baseload power generation projects, according to nongovernment organization Institute for [...]
IMF urged to create new trust to bolster work on climate resilience
by Andrea Shalal, editing by Aurora Ellis | October 4, 2021 | Published by Reuters | READ THE STORY HERE WASHINGTON, Oct 4 (Reuters) - The International Monetary Fund (IMF) should create a new instrument that lets richer countries channel their newly created IMF reserves to help a broader set [...]
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