TRAIN

ICSC hails bicam approval of coal tax hike

2019-03-07T12:12:00+08:0012 Dec 2017|Tags: , , , |

REACTIVE

MANILA, 12 December 2017 — The bicameral conference committee agreed yesterday to increase the coal excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) bill, from its current rate of ten pesos (P10) per metric ton to P50 up to P150 per metric ton over the next three years.

Reacting to the development, Red Constantino, […]

Policy group backs Senate’s P0.10/kg coal tax hike proposal for TRAIN

2019-03-07T12:46:50+08:0005 Dec 2017|Tags: , , , , , |

MANILA, 5 December 2017 – The Institute for Climate and Sustainable Cities (ICSC) today called on Congress to adopt the former’s proposed coal tax hike of P0.10 per kilogram in the bicameral conference committee for the tax reform bill.

The Senate and House of Representatives are expected to tackle today the increase in the excise tax on […]

$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) […]