NGOs say ADB climate financing targets not ambitious enough

2021-10-19T23:15:19+08:0017 Oct 2021|Tags: , , , , , , , |

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 vague. The banks’ new financing target [...]

NGO says RE plants prone to fewer outages than coal-fired facilities

2021-10-19T23:10:11+08:0014 Oct 2021|Tags: , , , , , , , , , |

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. In a virtual briefing, ICSC Energy [...]

China’s move vs coal seen to expedite PHL energy transition

2021-10-07T15:16:02+08:0006 Oct 2021|Tags: , , , , , , , |

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 Climate and Sustainable Cities (ICSC). Chinese [...]