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 [...]

China’s Investment Opportunity in Modernizing Grids in Climate Vulnerable Developing Countries

2021-07-15T16:22:52+08:0001 Jun 2021|Tags: , , , , , , , , , , , , |

by Sara Jane Ahmed, Alberto Dalusung III, and Xiaojun Wang | June 1, 2021 | Abridged version published in China Energy News and People's Daily | READ OP ED HERE The International Renewable Energy Agency (IRENA), and the State Grid Corporation of China (SGCC), recently signed a Memorandum of Understanding (MoU) to work closely to [...]

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 [...]

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 [...]

Japan seeks climate leadership at G-20 summit but can’t kick its coal habit

2019-07-01T17:09:57+08:0028 Jun 2019|Tags: , , , , , , |

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 [...]

STATEMENT: SC decision portends lower rates for electricity ratepayers

2019-05-14T14:01:02+08:0010 May 2019|Tags: , , , , , , , |

10 May 2019 -- The cloud of uncertainty that hovered over stakeholders in the power sector was lifted by the Supreme Court (SC) decision on the competitive procurement of power supply by distribution utilities, mainly for residential ratepayers, last May 3. The aims and expected results of that decision are to be lauded. If the Department [...]

Lost/Found in Translation

2019-03-12T11:45:56+08:0008 Mar 2019|Tags: , , , , , , , , |

Isabella Ann Mendoza Editor’s Note: ICSC in cooperation with the Climate Change Commission, Visayas State University’s Institute for Strategic Research and Development Studies, and Action for Economic Reforms, organized a forum entitled “Shifting Financial Flows to Low Carbon Development in Eastern Visayas” in Tacloban City from 7-8 March 2019. Isabella Ann Mendoza, an ICSC climate policy [...]

Former UN climate chief visits the Philippines to promote green investments

2019-03-08T13:53:50+08:0014 Feb 2019|Tags: , , , , |

(As published in the Manila Bulletin, 13 February 2019) By Ellalyn De Vera-Ruiz Former United Nations climate chief Christiana Figueres is expected to arrive in the Philippines Wednesday evening as part of an Asian tour to draw in more transformative climate investments in the region. Figueres, the architect of the Paris climate agreement and now the [...]

$21B worth of coal plants in the Philippines face imminent stranding – report

2019-03-07T13:12:38+08:0012 Oct 2017|Tags: , , , , |

PRESS RELEASE MANILA, 12 October 2017 – The Philippine’s financial sector is massively exposed to the imminent stranding of proposed coal plants in the country, which amount to over 10,000 megawatts or US$21 billion (PHP1.05 trillion at PHP50 to US$1), according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) [...]