Manila-based climate and energy policy group Institute for Climate and Sustainable Cities (ICSC) has called on the government and banks to provide more lending opportunities for renewable energy investments in the country. The total energy investment requirements indicated in the Philippine Energy Plan (PEP) for the next 20 years are estimated at $153 billion.
THE Institute for Climate and Sustainable Cities (ICSC) said the Philippines needs to move towards more “distributed” power generation, which would involve the construction of more solar generation facilities while abandoning the current model of centralized baseload power, currently dominated by coal-fired plants. In an e-mail interview on Sept. 9, Pedro H. Maniego, senior policy advisor of ICSC, a climate and energy policy group, said that the dependence on coal renders the Philippines vulnerable to volatile international energy prices, and put forward solar as an alternative.
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, [...]
by Pete H. Maniego | June 29, 2021| Published by Inquirer.net | READ THE STORY HERE Recent brownouts have worsened the suffering of everyone cooped up because of the pandemic. No fans or aircon, no TV or cable, no social media to relieve the monotony. Even the country’s pandemic response is at risk, [...]
QUEZON CITY, 8 June 2021 -- Energy policy experts pointed to renewable energy — mixed with demand side management, system reliability, and flexible generation — as the best way to address the immediate and long term implications of the current power crisis, leading to more investments, jobs, energy security, and a just economic recovery amid [...]
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 [...]