What the Philippines needs to do after UN climate deal

2021-11-23T13:03:37+08:0016 Nov 2021|Tags: , , , , , , , , , |

by Gaea Katreena Cabico | November 16, 2021 | Published by Philstar.com | READ THE STORY HERE GLASGOW, United Kingdom — The Philippines is urged to intensify its efforts to fight climate change after nearly 200 countries clinched a major deal that called for more ambition and action, but fell short of providing vulnerable nations funds to [...]

Rapid PHL energy transition best for faster economic recovery – private sector

2021-10-29T22:50:17+08:0029 Oct 2021|Tags: , , , , , , , , , |

MAKATI, 29 October 2021 -- Corporate directors stress the urgency to fast track the energy transition in the country, heeding the Code Red warning issued by the Intergovernmental Panel on Climate Change (IPCC) earlier this year. “Evidence clearly shows even before the pandemic that coal has been intermittent and unreliable. As households and the private sector [...]

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 [...]

PH banks seek policy guide on financing shift to ‘green energy’ projects

2021-08-25T14:36:11+08:0025 Aug 2021|Tags: , , , , , , , , , , , |

by Myrna Velasco | August 25, 2021 | Published by Manila Bulletin | READ THE STORY HERE Energy officials have been casting the country as a ‘mecca for green energy investments’, but one vital anchor to that is project financing, hence, major local banks are seeking policies that will guide them on the shift of financial [...]

Philippines needs to address policy gap for financing RE debts

2021-08-25T14:19:49+08:0023 Aug 2021|Tags: , , , , , , , |

by Danessa Rivera | August 23, 2021 | Published by Philstar.com | READ THE STORY HERE MANILA, Philippines — The Philippines needs to address the policy gap for financing renewable energy (RE) developments to be able to reach its clean energy capacity and energy transition targets as this gap has kept projects from getting to shovel [...]

Commentary: Will local actions matter in the global effort on climate change?

2021-08-25T11:00:09+08:0020 Aug 2021|Tags: , , , , , , |

by Alberto Dalusung III | August 20, 2021 | Published by Philstar.com | READ THE STORY HERE In the eighties, my usual conversation starter with foreigners was “How is the weather?” As a Filipino, I would normally have the advantage of “all-year sunshine” as my counterparts in the Northern Hemisphere struggle with their four seasons. Today, [...]

Toyota, leading PH companies call gov’t to speed up energy transition

2021-07-29T19:14:10+08:0029 Jul 2021|Tags: , , , , , , , , , , |

ICSC supports call for immediate roll out of renewable options program Toyota Motor Philippines, the largest automotive company in the country, has called for the implementation of competition policies that will help establish a renewable energy-powered economy faster and sooner in an online press conference today. In a joint statement with AC Energy, First Gen Corporation, [...]

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 [...]

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 [...]

Experts back DOE, Meralco lead in energy transition

2020-08-25T12:05:23+08:0024 Aug 2020|Tags: , , , , , , |

MANILA, 24 August 2020 – Energy policy experts today affirmed an energy transition is well underway in the Philippines, thanks to bold moves from the Department of Energy (DOE) and the country's largest utility, Meralco. "Debates on pandemic-related power bills are far from resolved but we also believe it's important to share our view that [...]