Profiting from outages

2022-03-28T16:37:43+08:0026 Mar 2022|Tags: , , , , , , , , , |

Windfall earnings from spot market spikes go to a blessed few, while the public chafes under rising electric bills. by Atty. Pedro Maniego Jr. | March 26, 2022 | Published by BusinessMirror | READ THE STORY HERE POOR Filipinos. On top of their suffering from the pandemic, they have to cope with ever-increasing electricity prices. [...]

Power supply for elections, rest of Q2 2022 in critical state – ICSC report

2022-03-07T17:50:49+08:0008 Feb 2022|Tags: , , , , , , , , |

QUEZON CITY, 8 February 2022 – A climate and energy policy group predicts an electricity shortfall across the Luzon grid this summer, especially during the weeks leading up to and immediately after the coming elections this May, in a new report released today. The report by the Institute of Climate and Sustainable Cities (ICSC), entitled [...]

Indonesia’s retreat on coal export ban highlights battle to meet climate goals

2022-01-21T09:22:55+08:0020 Jan 2022|Tags: , , , , , , , , , |

by Prime Sarmiento | January 20, 2022 | Published by China Daily | READ THE STORY HERE Indonesia's decision to lift its coal export ban, in response to lobbying by its key clients in Asia, illustrates why the region continues to struggle with its climate commitments, experts said. The Southeast Asian nation, the world's largest [...]

Indonesia poised to ease export ban on thermal coal

2022-01-17T14:23:41+08:0013 Jan 2022|Tags: , , , , , , , , |

by Ashley Westerman | January 12, 2022 | Published by The World | READ THE STORY HERE In an effort to protect Indonesia’s thermal coal supply, the country imposed an export ban in early January. But after several countries in Asia that depend on the crucial commodity lamented the move, the country has indicated an imminent [...]

China’s pledge to stop building coal power plants abroad opens door for its renewable energy firms

2021-10-01T15:23:18+08:0030 Sep 2021|Tags: , , , , , , |

by Xiaojun Wang | September 30, 2021 | Published by South China Morning Post | READ THE STORY HERE At the 76th UN General Assembly, President Xi Jinping announced that “China will step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects abroad”. While [...]

Who is profiting from the power outages?

2021-09-10T11:09:02+08:0004 Sep 2021|Tags: , , , , , , , |

by Alberto Dalusung III and Jephraim Manansala | September 4, 2021 | Published by BusinessMirror | READ THE STORY HERE Power outages are back with a vengeance. Those of us in Luzon remember the rotating brownouts from May 31 to June 1. More recently, there was a blackout that affected the whole of Eastern Visayas, [...]

Asian Development Bank to end coal, oil and gas financing

2021-05-10T17:01:52+08:0008 May 2021|Tags: , , , , , , , |

Published by Nikkei Asia | May 8, 2021 | READ THE STORY HERE Environmental groups welcome move, but criticize it as a decade overdue SINGAPORE (Reuters) -- The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday, a [...]

Owning the sun

2020-09-21T19:20:22+08:0019 Sep 2020|Tags: , , , , , , , , , , , , |

Lifting the 60/40 equity yoke on Renewable Energy investments, as advocated by DOE Secretary Alfonso G. Cusi, sparks an interesting debate on the ownership limits for RE. By Pedro Maniego Jr. | Published in Business Mirror - September 19, 2020 I’M looking at allowing 100-percent investment or ownership in renewables.” Energy Secretary Alfonso [...]

NGO reacts to Duterte statement that coal to be used for 30 more years, solar still not feasible

2020-07-22T18:09:25+08:0014 Jul 2020|Tags: , , , , , , |

MANILA, 14 July 2020 – In a recorded speech aired this morning, President Rodrigo Duterte told military troops in Jolo yesterday he was “ready to open the borders” for trade, including for “big time coal.” He added that “coal will be used for the next 30 years” and solar technology is still unsustainable.Reacting to this statement, [...]

Is coal dying, or dead, in the Philippines?

2020-03-09T10:52:28+08:0025 Feb 2020|Tags: , , , , , , , , , , , , |

Reposted from BusinessMirror, read original article here. By Viking Logarta & Sara Jane Ahmed Yes to the first, and a nuanced no to the second. President Duterte said in his State of the Nation Address last year: “We recognize the urgent need to ensure the sustainability and availability of resources, and the development of alternative [...]