A new private sector-led global organization is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy (RE) sources, the Department of Finance (DOF) said. In a statement, the DOF said on Friday, Nov. 12, that Finance...
Manila has outlined its envisioned path towards a sustainable energy future during the Energy Transition Partnership event at the ongoing 26th United Nations (UN) Climate Change Conference of the Parties (COP26) in Glasgow, Scotland. In his presentation, Energy Undersecretary and Spokesperson Felix...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
In line with the bold commitments of countries to the 26th Conference of the Parties on Climate Change (COP26), an innovative low-cost funding mechanism from multilateral agencies like the Asian Development Bank (ADB), to be complemented by private financing, would be needed to concretize the...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
Presidential aspirant former Senator Ferdinand “Bongbong”
Marcos Jr. has vowed to prioritize the full exploitation of renewable energy resources if he succeeds in becoming the president of the country. Windmills During his term as governor of Ilocos Norte, Marcos pursued the establishment of...
The Department of Finance (DOF) wants to stop burning coal in Mindanao, in line with the government’s program aimed at promoting sustainable investments. During the launching of the Philippine Sustainable Finance Roadmap and Guiding Principles on Wednesday, Oct. 20, Finance Secretary Carlos G....
The country’s grand ambition for massive solar power installations could result in weaker food sustainability, because energy developments could snatch lands that could have otherwise been allocated for agricultural production, a study outcome of the Department of Energy (DOE) has shown. The DOE...
Photo by AC Energy Country now in state of climate justice, passing mitigation The Philippines’ energy industry has to make and carry out firm decisions to become more independent and resilient as it has now arrived at a state of climate justice, which is well beyond mere mitigation. ...
There are still a bunch of coal-fired power plant projects that must be ditched if San Miguel Corporation (SMC) is to prove its commitment to cleaner sources of energy, a pro-environment group said. (Photo by Wander Fleur/ Unsplash) “If SMC wants to grasp at the renewable energy (RE) message, it...
Diversified conglomerate San Miguel Corporation (SMC) is coming clean on its next wave of energy investments, turning it s back on the industry’s old time favorite base coal plants to focus its fresh capital infusion into renewable energy (RE) installations. “We’re executing on our plans to...
Philippine Fisheries Development Authority (PFDA) and Philippine National Oil Company Renewables Corporation (PNOC RC) are eyeing potential partnerships in renewable energy (RE). This move should help PFDA, an attached agency to the Department of Agriculture (DA), conserve energy within the fish...
