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BDO, BPI, DOE call to bridge clean energy financing gap

2021-08-24T17:37:41+08:0020 Aug 2021|Tags: , , , , , , , , , , , , , , |

VIEW EVENT AND RESOURCES PAGE MAKATI, 20 August 2021 -- Banco de Oro (BDO) Capital and Investment Corporation and the Bank of the Philippine Islands (BPI) today called for the shift of financial flows towards the 1.5 degrees Celsius global warming threshold of the Paris Agreement in order to address climate and energy transition [...]

REACTIVE: New UN climate report shows 1.5°C target still within reach given urgent action

2021-08-09T20:38:05+08:0009 Aug 2021|Tags: , , |

ICSC calls for increased global, PH action vs. climate crisis MANILA, 9 August 2021 – A United Nations climate science report released today shows the urgent need to act on climate change to avoid the worst of climate impacts as record-breaking storms, floods, fires, and heatwaves across the world continue to sound the alarm of [...]

Vulnerable economies call rich nations to avert global climate-COVID economic threat

2021-07-09T10:23:21+08:0009 Jul 2021|Tags: , , |

48 most vulnerable economies demand “2020-2024 delivery plan” for the missing $100 billion annual Paris Agreement climate assistance The V20 group launch ambitious “Climate Prosperity” Program to drive resilient, green investments Dhaka, 8 July 2021–Led by Bangladesh as chair of the V20, the world’s most climate vulnerable economies met virtually as heads of state and [...]

Averting the perennial power crisis

2021-06-30T12:41:47+08:0030 Jun 2021|Tags: , , , , , , , |

by Pete H. Maniego | June 29, 2021| Published by Inquirer.net | READ THE STORY HERE Recent brownouts have worsened the suffering of everyone cooped up because of the pandemic. No fans or aircon, no TV or cable, no social media to relieve the monotony. Even the country’s pandemic response is at risk, [...]

Renewables provide more flexible, affordable energy amid power outages

2021-06-02T16:02:23+08:0002 Jun 2021|Tags: , , , |

QUEZON CITY, 2 June 2021 -- In response to the red alert status raised for the Luzon power grid and resulting power outages, an energy policy expert recommended the installation of more renewable energy plants to allow for flexible and affordable power generation. “The shortage in power supply, or more accurately, a lack of reserve capacity, [...]

Dominguez calls for more climate, disaster risk financing with other vulnerable countries

2021-06-02T12:05:23+08:0002 Jun 2021|Tags: , , , , , , , |

2 June 2021 -- Finance Secretary Carlos Dominguez reiterated yesterday the need to secure economic growth and community resilience amidst growing risks from climate change.  Secretary Dominguez along with several officials from the Vulnerable 20 Group of Finance Ministers (V20) addressed the High Level Consultative Group meeting of the InsuResilience Global Partnership, an initiative between the [...]

Call for volunteer MM counters for June 3 Bike Day

2021-05-28T15:37:35+08:0028 May 2021|Tags: , , , , , , |

28 May 2021 -- We are looking for volunteers to help us count cyclists and pedestrians in Quezon City, Marikina City, San Juan City, and Pasig City on June 3, World Bicycle Day! Metro Manila Counts! (MMC) is a collaboration between the four city governments and ICSC, MNL Moves, The Climate Reality Project Philippines, 350.org Pilipinas, [...]

Power scarcity during times of low demand

2021-05-17T18:00:25+08:0014 May 2021|Tags: , , , , , |

by Pedro Maniego Jr.  |  May 13 2021, BusinessMirror  | Read the article here Power demand during the lockdown last year declined by around 30 percent in Luzon and was estimated to fall by 5 percent for the entire 2020. With the imposition of another lockdown since last month, electricity demand for this quarter is [...]

ICSC welcomes ADB push to end coal financing, but wary on gas stand

2021-05-07T18:33:18+08:0007 May 2021|Tags: , , , , , |

MANILA, 7 May 2021 — The Asian Development Bank (ADB) released today their draft energy policy, which aims to stop the bank’s financing of new coal power plants and support a rapid phaseout of coal among its developing member countries in the Asia Pacific region. The draft policy also calls for a “strong and flexible [...]

Salcedo Mayor Melchor Mergal commits to integrate renewable energy in disaster risk reduction

2021-04-21T17:57:05+08:0020 Apr 2021|Tags: , , , , , , , |

“In a municipality that is prone to disasters, we have to keep abreast with the new technologies that are adaptable, practical and are cost effective. Indeed, energy is not included in our clusters of responses during disasters and emergencies; today’s event gave us the required knowledge how important it is for the energy cluster to [...]