Industry leaders call for renewable energy hybridization in the country’s energy transition
QUEZON CITY, December 1, 2023 - Leaders in the Philippine energy sector emphasized the pivotal role of renewable energy (RE) hybridization in steering the country’s energy transition agenda during the REalize 2023: Enabling the Just Energy Transition towards Inclusive, Resilient, and Sustainable Development conference held in Makati City on November 28. These leaders stressed the potential of off-grid hybridization to enhance sustainability, considerable savings, and heightened reliability in the energy sector. “The Department of Energy (DOE) is prioritizing addressing all RE-related development challenges, such as the complex permitting process, access to financing, price discovery mechanism for new and emerging [...]
RE storage now a reality, private sector urged to invest
QUEZON CITY, November 26, 2022 – As renewable energy (RE) technologies have become more efficient and affordable, the reality of energy storage systems (ESS) fills the gap that constrains the increase of RE's share in the power generation mix of the Philippines. With ESS, the variability of RE becomes a non-issue and 24/7 power with renewables is now possible. This was the clarion call issued yesterday by leading business analysts tracking energy trends in the country and Southeast Asia. “Developers recognize that they have to place their bets today. Coal is out of the picture in the next five to [...]
Private sector urged to incorporate sustainability and long-term resilience in business strategies
Two years into the COVID-19 pandemic, the private sector is urged to incorporate sustainability and long-term resilience into their business strategies in order to thrive in the new normal while dealing with the current economic challenges, which includes investing in the welfare of their employees, suppliers, and customers.
Shifting to RE generates significant savings – companies
QUEZON CITY, November 14, 2022 – Businesses and companies in the Philippines weighed in on the savings and positive impacts on the private sector brought by renewable energy through the Department of Energy’s Green Energy Option Program (GEOP), in the first of three webinars of the “Pilipinas: Aspire, Rise, Sustain” series last Friday. The series, which is certified by the Securities and Exchange Commission (SEC), is hosted annually by the Institute of Corporate Directors (ICD), in partnership with the Institute for Climate and Sustainable Cities (ICSC) and The Climate Reality Project Philippines. The first webinar focused on GEOP, a policy [...]
Private sector told: “walk the talk” on sustainability, ESG in corporate strategy
MAKATI, 12 November 2021 -- Although sustainability has become the core priority of today’s corporate boards, the need for directors to enhance accountability and operationalize environmental, social and corporate governance (ESG) principles in leadership strategies has outpaced performance. For companies looking to establish their presence for the long-haul, this can only pave the way for a more resilient, high efficiency future. This was the overarching message delivered in the webinar organized by the Institute of Corporate Directors (ICD), the Institute for Climate and Sustainable Cities (ICSC), and The Climate Reality Project Philippines. “In order to survive and thrive over the [...]