Financing, mainly borrowings, for Philippine climate change mitigation and adaptation projects hit a record-high $3.131 billion (over P174 billion) in 2023. The 2023 Joint Report on Multilateral Development Banks' (MDBs) Climate Finance published by the European Investment Bank (EIB) this month...
Climate change is real, but many people are still ignoring it. People should start taking climate change more seriously as it is not a problem that will resolve itself. Climate change is more serious than the recent Covid pandemic. These statements coming from the President days ago should prompt...
President Marcos has urged the public to not belittle the impact of climate change, saying the Philippines is already experiencing its effects. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Marcos said this in a taped message for a climate change summit in Pasay City on Wednesday...
A wastepicker walks past on a pile of garbage at a landfill in Depok on the outskirts of Jakarta, Indonesia, May 10, 2024. (AP Photo/Tatan Syuflana, File) The amount and proportion of the powerful heat-trapping gas methane that humans spew into the atmosphere is rising, helping to turbocharge...
The World Bank is committed to extend to the Philippines more loans, possibly blended with grants to slash interest costs, in order to bankroll flood control as well as climate change mitigation and adaptation projects as extreme weather poses a bigger threat to Filipino lives and livelihoods....
Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company (Meralco), is seeking certification from the Department of Energy (DOE) as it is now inclined to rejoin the country’s ‘king coal club’ for its 1,200-megawatt Atimonan power plant project that...
The Department of Energy (DOE) will integrate cybersecurity in the planned modification of policy frameworks that shall underpin resiliency assessment and rating system for various power facilities in the country. Energy Undersecretary Felix William Fuentebella indicated that the energy resiliency...
The Philippines is set to secure a $500 million loan from the Asian Development Bank (ADB) to support its climate action initiatives, the Department of Finance (DOF) announced. During a meeting with Finance Secretary Ralph G. Recto, ADB President Asakawa stated that they are finalizing the approval...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
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...
The country needs to start reinforcing climate justice in the country and one of the best ways to do it is to support the passage of House Bill (HB) No. 9609, the proposed Climate Accountability (CLIMA) Act, the Commission on Human Rights (CHR) said. HB 9609 was introduced by Reps. Edgar Chatto,...
The Commission on Rights (CHR) cited the "significant role" the Philippines will take in the international climate change dialogue as lead country for the Loss and Damage Fund (LDF) to which developed countries have already pledged $700 million. In a statement, the CHR said "loss and damage" is a...
