Climate Breakthrough Project announces awardees for 2021
QUEZON CITY, 7 December 2021 -- Sara Jane Ahmed, advisor to the Vulnerable 20 (V20) Group of Finance Ministers and founder of the Financial Futures Center (FFC), was recognized as one of the awardees of the Climate Breakthrough Project this year. Ahmed is the first Filipino and Bangladeshi to receive this award. She has authored studies on renewable energy, island grid transition, coal stranded asset risk, and the regulatory weaknesses of the Philippine power sector revealed by the COVID-19 pandemic back when she was with the Institute for Energy Economics and Financial Analysis (IEEFA). She has contributed so much to [...]
DOF pushes for mainstreaming sustainable finance in the Philippines
10 FEBRUARY 2021, Quezon City -- Department of Finance (DOF) Assistant Secretary Paola Alvarez today pushed for the mainstreaming of sustainable finance in the Philippines, involving a whole of government approach and internationally harmonized finance initiatives. “Even if we are doing so much in terms of policy to harness climate finance and to mitigate our disaster risk, we need to put forward on the international platform that the Philippines, a highly vulnerable country with only 0.3% of carbon emissions globally, actually needs international support for us to move forward,” she said in a virtual discussion organized by the Manila-based Institute [...]
Climate finance key to economic resiliency – experts
The Philippines can utilize climate change and energy transition financing to ensure a thriving, resilient economy, especially with the Department of Finance at the helm, according to two climate finance experts. “Climate finance is crucial, but is limited. We need solid plans to maximize every peso that we have for climate action,” said Angelo Kairos Dela Cruz, deputy executive director of the Manila-based international nonprofit Institute for Climate and Sustainable Cities (ICSC), in an online briefing. Dela Cruz shared the results of the Climate Finance Adaptation Study Report for the Philippines, which shows that USD 770 million (PHP 38.5 [...]
Experts back DOE, Meralco lead in energy transition
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 power sector managers have been making the right moves to protect consumer interests for the long haul," said Alberto Dalusung III, energy transition advisor of the Institute for Climate and Sustainable Cities or ICSC at an online briefing held today. "At a time when the [...]
Energy experts, DOE to discuss future-proofing the Philippine energy market in Aug. 24 press briefing
CONTACT: AC Dimatatac, ICSC Media Coordinator: +63 998 5469788, media@icsc.ngo WHAT: Online press briefing on the current status of the Philippine energy transition and future-proofing the energy market amid the COVID-19 crisis, in line with the opinion piece published in BusinessMirror last August 15, authored by Sara Jane Ahmed and Alberto Dalusung III WHEN AND WHERE: Monday, 24 August, 10AM via Facebook Live facebook.com/icsc.ngo WHO: Energy experts, composed specifically of the op-ed authors and the Department of Energy Sara Jane Ahmed, Energy Finance Analyst, Institute for Energy Economics and Financial Analysis (IEEFA) Alberto Dalusung III, Energy Transition [...]