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 [...]
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 [...]
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, [...]
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 [...]
Institute for Climate and Sustainable Cities REACTIVE: Duterte’s SONA call for renewable energy confirms PH energy transition underway MANILA, 22 July 2019 — Reacting to President Rodrigo Duterte’s statements in his fourth State of the Nation Address today calling for “to fast-track renewable energy resources to reduce the country’s dependence on traditional energy sources such [...]
By Simon Denyer (Published June 27 in The Washington Post) TOKYO — Japanese Prime Minister Shinzo Abe wants to burnish his green credentials. Japan, he said, will exercise “firm leadership” on climate change at the Group of 20 summit in Osaka this week, with a focus on “disruptive innovation” that generates economic growth. It also was [...]
Sara Jane Ahmed Note: This commentary originally appeared in Business World. The rapid drop in the cost of renewable energy has opened new possibilities in energy systems around the world, including the Philippines. Coal has become toxic, both in terms of its high cost to consumers and the negative financial consequences for banks and investors. In [...]
MANILA, 5 December 2017 – The Institute for Climate and Sustainable Cities (ICSC) today called on Congress to adopt the former’s proposed coal tax hike of P0.10 per kilogram in the bicameral conference committee for the tax reform bill. The Senate and House of Representatives are expected to tackle today the increase in the excise tax [...]
