Ayala-led ACEN Corporation has clinched ‘B’ rating from CDP, a non-profit global entity which is authoritatively handling the disclosure platform for climate change impacts of investors, corporates and even government instrumentalities like cities and states. According to the company, its new...
The government should prepare policies on energy transition amid mounting calls for a coal phaseout, Senator Sherwin Gatchalian said. Gatchalian pointed out that the development of more renewable energy (RE) projects in the country is expected to bring down power costs and ensure sufficiency...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
DUBAI, UAE -- The strategy of the Philippines in line with the COP28 Global Stocktake for energy transition will differ to a great extent, because it will be opting for coal plants’ phasedown, instead of the intensified call of the United Nations Framework Convention on Climate Change (UNFCCC)...
It will not be a mandatory policy – rather, it will be a voluntary retirement or re-purposing of coal-fired power plants that the Department of Energy (DOE) will be advocating for in the country’s multi-tiered ‘just energy transition’ paradigm. As presented by Energy Undersecretary Rowena...
The Philippines and Indonesia have formed a new partnership establishing an Energy Transition Mechanism (ETM), the first of its kind in Asia and the Pacific, the Asian Development Bank (ADB) said. At the COP26 in Glasgow, ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani...
