The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change. The propounded “low carbon...
HOUSTON – While acknowledging that ‘energy transition’ is a wildering cycle path to navigate, billionaire and Microsoft founder Bill Gates is staying the course on his ‘mega bet’ that nuclear fusion will eventually define the planet’s energy future. In the recently concluded CERAWeek...
AyalaLand Hotels and Resorts Corp (AHRC) has signed an agreement with the International Finance Corporation (IFC) signifying its commitment to achieve EDGE Zero Carbon certification for 2,826 rooms in its hotel portfolio by 2026, a first for a hotel group in the Philippines. EDGE Zero Carbon...
The average person emits four tons of carbon dioxide annually, the University Corporation for Atmospheric Research states, but certain high-profile individuals, notably those excessively using private jets, were said to emit a thousand times more. UK-based sustainability marketing agency Yard...
The Philippine government is exploring the possibility of tapping into a Japan fund under the Joint Crediting Mechanism (JCM) that is managed by the Asian Development Bank (ADB), for planned pilot venture into hydrogen that maybe pursued by the country moving forward. According to DOE Director...
The Department of Finance (DOF) has stressed the importance of determining the most efficient and economically viable approach to carbon taxation before introducing it in the Philippines. Finance Secretary Ralph G. Recto said on Tuesday, Jan. 16, that it is vital to find the most suitable way to...
The Paris-headquartered International Energy Agency (IEA) indicated that while positive developments were attained at the COP28 Climate Change Summit, the commitments from more than 100 countries might still not be enough to put the world on track to the 1.5°C global warming limit cast in the...
A forbidding ‘moment of truth’ will confront the oil and gas industry at the 28th Conference of the Parties (COP28) Climate Change Summit in Dubai, as this is the main sector being pressed for radical reduction in carbon emissions so it can keep pace with the 1.5 °C global temperature rise...
Albay 2nd district Rep. Joey Salceda (left), President Ferdinand "Bongbong" Marcos Jr. (Facebook) House Ways and Means Committee Chairman Rep. Joey Sarte Salceda envisions the Philippines as the first country to sell sovereign carbon credits, which could be...
A carbon offsetting strategy is being proposed for the fuel usage of the aviation industry, but the policy terrain remains uncertain how the Department of Energy (DOE) and the government in general will be advancing this as part of the country’s overall decarbonization pathway. The energy...
SINGAPORE – Multinational energy giant Shell is targeting to expand its nature-based solutions (NBS) proposition both to corporate-clients and individual customers that have been batting for carbon offset in their fuel usage. In an interview here, Shell Pilipinas Corporation Vice President for...
The Department of Energy (DOE) is planning to re-calibrate the country’s power mix by opting to retire coal-fired power facilities at the scale of 5,000 megawatts in the medium term. According to Michael Sinocruz, director of the DOE’s Energy Policy and Planning Bureau, that has been one of the...
