PARIS, France -- Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion last year, a report on Tuesday said. Despite the milestone, spending on energy transition technology must immediately triple to meet the target of...
Globe Telecom Inc. has shifted ten more of its facilities in Luzon and Visayas to renewable fuel, bringing the total of its clean energy sites to 24 todate. To reduce carbon emissions, Globe recently partnered with ACEN, the renewable energy platform of the Ayala Group, to run its Cavite, Cebu,...
Eligible businesses and institutions may now take concrete steps to lower their carbon emissions by getting power from licensed Green Energy Option Program suppliers like EDC's Green Core Geothermal, Inc. There is a ‘deepening revolution’ happening in the energy sector – it’s not just a...
contact-us-1 The Development Bank of the Philippines (DBP) has extended P2.1-billion loans to two hydro-energy projects that will augment power supply for the Luzon and Visayas Grids. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan under the Financing Utilities for...
The Development Bank of the Philippines (DBP) granted a P750-million revolving credit line to a fledgling manufacturer- exporter of sustainable energy storage systems. Amber Kinetics Philippines, Inc. (AKPI), local producer of a novel Flywheel Energy Storage System, wil use the loan for its working...
The Manila Electric Company (Meralco)--the local power distribution giant that has been linked by environmentalists to coal--is apparently pivoting toward a "greener" future. (Photo by Karsten Wurth/ Unsplash) This was learned during a recent virtual forum on multi-sector integration of so-called...
After chiding the United States for technically snubbing the Philippines’ offer of energy investments, Energy Secretary Alfonso G. Cusi still tugged his way into courting American firms to pour in capital in geothermal as well as petroleum exploration projects being offered by the country. “We...
