by Ashley Erika O. Jose | July 30, 2023| Published by BusinessWorld | READ THE STORY HERE THE Department of Energy (DoE) said it will take time for the Philippines to transition to 100% renewable energy (RE), and called for the industry to be more honest about how long the shift will take. [...]
THE government’s approval of more terminals for imported liquefied natural gas (LNG) may have worsened the country’s looming power crisis, according to organizations focused on the energy sector. “Taking a broader perspective will address the level of dependence we may be placing on LNG given its volatile fuel prices,” said Alberto R. Dalusung III, energy transition advisor of Manila-based policy group Institute for Climate and Sustainable Cities, in a Viber message.
STRONG STORMS, heavy flooding and prolonged droughts may result in around $124 billion in losses to the Philippine economy between 2022 and 2050, according to research firm GHD. This translates to an average annual gross domestic product (GDP) loss of 0.7% for the Philippines, GHD said in a statement following the release of its report “Aquanomics: The economics of water risk and future resilience.”
November 10, 2021 | Published by BusinessWorld | READ THE STORY HERE Air quality standards are falling behind international norms, with the two-decade-old Clean Air Act not up to the task of minimizing untimely death as a result of substandard air, clean air advocates said in a report. The Centre for Research on Energy and [...]
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 [...]
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 [...]
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 [...]
by Angelica Yang | August 23, 2021 | Published by BusinessWorld | READ THE STORY HERE THE ENERGY Regulatory Commission (ERC) needs to remove the pass-through fuel cost provisions in power purchase agreements (PPAs) to ensure the least cost for consumers, according to a UK-funded report on the Philippines’ energy transition. “It would be prudent [...]