Owning the sun
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 G. Cusi made this bold statement during an online forum of the Philippine Energy Independence Council in July. Cusi was also quoted having said he is “hoping it could be done with a circular through DOE, but if not, I will go through legislation. [...]
Coal dying or dead in PH?
The Philippines can either attract $20 billion in renewable energy investments over the next 10 years, or be left with $20 billion of stranded [coal] assets, IEEFA energy finance analyst Sara Jane Ahmed said on ANC's Dateline Philippines on March 6, 2020. (Reporting from Dateline Philippines/ ANC)
Duterte’s SONA call for renewable energy confirms PH energy transition underway
Institute for Climate and Sustainable Cities REACTIVE: Duterte’s SONA call for renewable energy confirms PH energy transition underway MANILA, 22 July 2019 — Reacting to President Rodrigo Duterte’s statements in his fourth State of the Nation Address today calling for “to fast-track renewable energy resources to reduce the country’s dependence on traditional energy sources such as coal”, Renato Redentor Constantino, executive director of the Institute for Climate and Sustainable Cities, said: “The President’s call to fast-track renewable energy projects to reduce dependence on coal is the signal policymakers need to hear. No less than the country’s chief executive is [...]
Cash, political will: Coessential tools vs catastrophic impact of climate change
Reposted from BusinessMirror By Cai Ordinario - May 9, 2019 NADI, Fiji—The greenback may lead to greening the earth, so some believe. However, for experts at a conference here last week, money is just one of the weapons in this perennial contradiction of man against nature as the latter appears to have the upper hand. At the 52nd Asian Development Bank (ADB) Annual Governors’ Meeting on this Pacific island, a panel of experts organized by the ADB Independent Evaluation Department (IED) raised the urgency in addressing climate change. The experts said Asia and the Pacific has a high exposure to [...]
ICSC on ANC: The economic benefits of transitioning from coal to renewable energy
(Posted on Early Edition on ANC, April 16, 2019) ICSC senior policy advisor Atty. Pete Maniego tells Michelle Ong about the economic benefits of transitioning from coal to renewable energy and from centralized to distributed generation systems in today's Early Edition on ANC.